StockMarketWire.com - Animal feed supplier Walcom said it was in talks to sell its its 55% interest in a Thai subsidiary to its general manager.

The talks come as Walcom attempts to improve a 'severely constrained' capital position.

'The board of the company now believes that without further action, the company may not be able to meet its liabilities as they fall due by the middle of April 2019.'

'The directors of Walcom therefore believe that the proposed disposal is a necessary action to ease the company's immediate short-term working capital position.'


At 8:23am: [LON:WALG] Walcom Group Ltd share price was -0.13p at 0.25p



Story provided by StockMarketWire.com