Brief: Bioton To Continue As Going Concern

Bioton SA

15/01/2018 10:49

Jan 15 (Reuters) - BIOTON SA  BIOP.WA : 
    * 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  urn:newsml:reuters.com:*:nEM36STh2a 
    * 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  urn:newsml:reuters.com:*:nEM2HdgGba 
    * ALSO, ON DEC. 13, CO INFORMED THAT IS SEARCHING FOR AN 
INVESTOR 
FOR SCIGEN  urn:newsml:reuters.com:*:nFWN1OD0Q0 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM69cLJCa 
     
 Further company coverage:  BIOP.WA   
    
 
 
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