Walcom Group Ltd - Company Update & Notice of Interim Results
September 09 2019 - 6:20AM
PR Newswire (US)
9 September
2019
WALCOM GROUP LIMITED
(“Walcom” or “the Company”)
Company update
Notice of Interim
Results
Further to the Company’s announcement on 14 August 2019, the board of Walcom provides the
following update.
Company Update
The Board continues to monitor closely the Company’s working
capital position and now expects that the Company will be able to
meet its liabilities as they fall due until mid-October 2019.
The Company also continues to seek alternative funding to
safeguard the Group’s liquidity and is currently in discussions
regarding a potential loan facility. Whilst the Company is
hopeful that these discussions will have a successful outcome, 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.
Notice of Interim Results
The Company will announce its interim results for the six months
ended 30 June 2019 on 18 September
2019.
Walcom Group Limited
Francis Chi (Chief Executive Officer/Chief Financial Officer)
Jessie Chan (Deputy Chief Financial Officer) |
+852 2494 0133 |
Allenby Capital Limited
David Hart / Asha Chotai |
+44 20 3328 5656 |
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