FerroChina - clarification of trading halt by Allen Jiao
Good afternoon,
FerroChina is unable to repay part of its working capital loans amounting to Rmb706m, which is likely to further lead to a working capital fund shortage of Rmb2b. As a result, the company has temporarily ceased all of its manufacturing operations. The company is negotiating with its financial lenders and potential strategic investors to access funds or refinancing to address the repayment obligations. FerroChina will not resume production until the obligations are fulfilled, which will take at least one week, but most probably much longer. The company's shares will remain suspended, and no guidance from the management is given regarding the time of trading resumption.
Regards,
Allen
FerroChina is unable to repay part of its working capital loans amounting to Rmb706m, which is likely to further lead to a working capital fund shortage of Rmb2b. As a result, the company has temporarily ceased all of its manufacturing operations. The company is negotiating with its financial lenders and potential strategic investors to access funds or refinancing to address the repayment obligations. FerroChina will not resume production until the obligations are fulfilled, which will take at least one week, but most probably much longer. The company's shares will remain suspended, and no guidance from the management is given regarding the time of trading resumption.
Regards,
Allen
网恋了吧,投入了吧,感情走上绝路了吧？
投入了吧,见面了吧,没有以前来电了吧？
见面了吧,后悔了吧,美眉变成恐龙了吧？
后悔了吧,倒霉了吧,感情投资浪费了吧？
倒霉了吧,想死了吧,以后不敢上网了吧？
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