Brief: Imperial Ginseng Products Says Will Cease New Plantings Completely

One Bullion

22/10/2020 17:12

Oct 22 (Reuters) - Imperial Ginseng Products Ltd  IGP.V :
    * IMPERIAL GINSENG PRODUCTS LTD. ANNOUNCES CHANGES IN FUTURE
OPERATING PLAN
    * IMPERIAL GINSENG PRODUCTS LTD - WILL CEASE NEW PLANTINGS
COMPLETELY
    * IMPERIAL GINSENG PRODUCTS LTD - WILL CONTINUE WITH ITS
PLAN TO
HARVEST ALL MATURE 4-YEAR-OLD AND 5-YEAR-OLD CROPS IN THIS
FISCAL YEAR
    * IMPERIAL GINSENG PRODUCTS LTD - BOARD HAS DECIDED, TO
ABANDON
ALL IMMATURE 1-YEAR-OLD AND 2-YEAR-OLD CROPS
    * IMPERIAL GINSENG PRODUCTS - BELIEVES THAT, GIVEN PROJECTED
CASH
FLOWS & CURRENT CASH POSITION, CO WILL BE FINANCIALLY SOLVENT
FOR NEXT TWELVE MONTHS
    * IMPERIAL GINSENG PRODUCTS LTD - MADE DECISIONS PRIMARILY
DUE TO
SIGNIFICANT DOUBTS REGARDING FUTURE GINSENG PRICES

Source text for Eikon:  ID:nGNX7sd8LH 
Further company coverage:  IGP.V 

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