Brief: AGV Group Says Revenue For Months Of April & May Expected To Be Minimal

AGV

06/05/2020 14:37

May 6 (Reuters) - AGV Group Ltd  AGVG.SI :
    * REVENUE FOR MONTHS OF APRIL & MAY EXPECTED TO BE MINIMAL,
LEADING TO EXPECTATION OF REVENUE FOR Q3 DECLINING
    * ON 5 MAY RECEIVED NOTICE FROM MITI THAT IT IS ABLE TO
CONTINUE
ITS REFURBISHMENT & UPGRADING WORKS AT UNIT IN MALAYSIA
    * CURRENTLY IN NEGOTIATIONS WITH ITS FINANCIAL INSTITUTION
LENDERS
ON EXTENDING REPAYMENTS & EXPLORING OTHER FINANCING OPTIONS
    * EXPECTING LONGER COLLECTION PERIOD OR NO COLLECTION OF
ACCOUNTS
RECEIVABLE DURING CLOSURE PERIOD

Source text for Eikon:  ID:nSNZ82bzzC 
Further company coverage:  AGVG.SI 

 ((Reuters.Briefs@thomsonreuters.com;))