Walcom Group Ltd - Trading Update
30 October 2019 - 9:23PM
PR Newswire (US)
The information contained within this
announcement is deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulations (EU)
No. 596/2014 ("MAR").
30 October
2019
WALCOM GROUP LIMITED
(“Walcom” or “the Company”)
Trading Update
Walcom announces that, as a result
of improved trading conditions, the Company now expects to be able
to meet its liabilities as they fall due until the end of
November 2019.
The Company is in discussions with
Mr Francis Chi, Chief Executive of
the Company, regarding the provision of further funding in order to
provide additional liquidity to the Company. Whilst the Board is
hopeful that these discussions will have a successful outcome,
there can be no guarantee that the Company’s working capital
position will be stabilised. In the event that it is unable to
address the working capital shortfall, the Company may be unable to
continue its operations and may be forced into liquidation with a
consequential diminution in value to shareholders.
Further announcements will be made
in due course.
Further enquiries:
Walcom Group Limited
Francis Chi (Chief Executive Officer/Chief Financial Officer)
Jessie Chan (Deputy Chief Financial Officer) |
+852 2494 0133 |
Allenby Capital Limited (Nominated Adviser and
broker)
Virginia Bull / Asha Chotai |
+44 20 3328 5656 |
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