StockMarketWire.com - Animal feed provider Walcom said it had adequate working capital to make it through to mid-February, having received a number of orders in January.
The orders had enabled Walcom to repay the two bank loans totalling RMB 450,000 that were due for repayment before the end of this month.
Walcom said it was still in talks with chief executive Francis Chi about him providing a loan of HK$1.23m.
'Whilst the Board remains confident that the discussions with Mr. Chi will have a successful outcome, there can be no guarantee that the Company's working capital position will be stabilised,' the company said.
At 1:21pm: [LON:WALG] Walcom Group Ltd share price was 0p at 0.3p
Story provided by StockMarketWire.com
Shares Magazine
Shares is the leading weekly publication for retail investors. It is packed with investment ideas, news and educational material to help build and run portfolios and get more from your money.
Investor Events
Shares puts on free Investor Events throughout the year across the country. They provide an opportunity for investors to learn more about companies on the stock market and hear from a range of investment experts including fund managers and Shares journalists.