Brief: New Silkroutes Group Begins Strategic Review Of Energy Division IEG
15/12/2020 10:06
Dec 15 (Reuters) - New Silkroutes Group Ltd NEWS.SI :
* COMMENCED A STRATEGIC REVIEW OF GROUP'S ENERGY DIVISION
IEG
* EXPECTING MORE PROVISIONS OF EXPECTED CREDIT LOSS WHILE
TRYING
TO RECOVER REMAINING TRADE & OTHER RECEIVABLES
* REVIEW COMMENCED AS IEG EXPERIENCED SIGNIFICANT REDUCTION
IN
TRADING VOLUMES
* REVIEW WILL INCLUDE EXPLORING OPTIONS TO ENTER
ARRANGEMENTS WITH
CREDITORS OR WIND UP OIL & TRADING BUSINESS OF IEG, AND OTHER
THINGS
Source text for Eikon: ID:nSNZ1nlmFq
Further company coverage: NEWS.SI
((Reuters.Briefs@thomsonreuters.com;))
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