January 15, 2018 / 10:50 AM / 2 years ago

BRIEF-Bioton To Continue As Going Concern

Jan 15 (Reuters) - BIOTON SA:

* SAID ON FRIDAY THAT ITS SHAREHOLDERS RESOLVED THAT THE COMPANY WILL CONTINUE AS A GOING CONCERN

* IN DEC. BIOTON WROTE DOWN THE VALUE OF ITS INVESTMENT IN THE SINGAPORE-BASED SCIGEN BY USD 52.4 MILLION

* IT SAID THAT IT WAS A NON-CASH WRITE-DOWN AND DID NOT AFFECT THE LIQUIDITY OF BIOTON, HOWEVER IT WOULD HAVE AN IMPACT ON ITS UNCONSOLIDATED RESULTS FOR 2017

* FOLLOWING THE INFORMATION ABOUT THE WRITE DOWN, THE COMPANY CONVENED AN EXTRAORDINARY SHAREHOLDER MEETING TO VOTE ON THE COMPANY’S ABILITY TO CONTINUE AS GOING CONCERN

* ALSO, ON DEC. 13, CO INFORMED THAT IS SEARCHING FOR AN INVESTOR FOR SCIGEN

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below