Brief: BOQI International Says Losses Incurred In FY 2019 Raises Substantial Doubt About Co's Ability To Continue As Going Concern

BIMI Holdings

15/05/2020 18:37

May 15 (Reuters) - BOQI International Medical Inc  BIMI.O :
    * BOQI INTERNATIONAL MEDICAL ANNOUNCES FISCAL YEAR 2019
FINANCIAL
RESULTS
    * BOQI INTERNATIONAL -  LOSSES INCURRED IN FY 2019 & ITS
ACCUMULATED DEFICIT RAISES SUBSTANTIAL DOUBT ABOUT CO'S ABILITY
TO CONTINUE AS GOING CONCERN
    * BOQI INTERNATIONAL -  WHILE CO IS EXPLORING ALTERNATIVES,
THERE
CAN BE NO ASSURANCE THAT ADDITIONAL FINANCING WILL BE AVAILABLE
ON SATISFACTORY TERMS
    * BOQI INTERNATIONAL - IF CO IS UNABLE TO SECURE NEEDED
FINANCING,
MANAGEMENT MAY TAKE ACTIONS, INCLUDING REDUCING ITS ANTICIPATED
LEVEL OF EXPENDITURES

Source text for Eikon:  urn:newsml:reuters.com:*:nGNX6rSJsW
Further company coverage:  BIMI.O 

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