Brief: Northbaze Group Unit Receives Order In Russia

Northbaze AB

17/12/2019 09:06

Dec 17 (Reuters) - Northbaze Group AB  NBZG.ST :
    * REG-JAYS HEADPHONES STRIKES ANOTHER BIG ORDER IN RUSSIA
    * INITIAL ORDER VALUE IS OF 5.6 MSEK.
    * TRANSACTION IS STRUCTURED SO THAT JAYS WILL HAVE A
POSITIVE CASH
FLOW FROM RECEIPT OF ORDER IN Q4 2019 TO FINAL DELIVERY DURING
Q1 2020
    * APPROXIMATELY 25% OF ORDER WILL BE DELIVERED IN Q4 2019

Source text for Eikon:  ID:nGNEPrDYf 
Further company coverage:  NBZG.ST 

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