Brief: 3Cnergy's Unit Launches Public Tender For Sale Of Some Properties

ProsperCap

22/01/2020 14:41

Jan 22 (Reuters) - 3Cnergy Ltd  CNER.SI :
    * UNIT TO LAUNCH A PUBLIC TENDER FOR SALE OF PROPERTIES
LOCATED AT
PLOTS AT JOHOR DARUL TAKZIM
    * BOARD OF VIEW THAT IT WILL NOT BE COMMERCIALLY VIABLE FOR
GROUP
TO PROCEED WITH DEVELOPMENT OF PROPERTIES IN FORESEEABLE FUTURE
    * AS OF WED, GROUP HAS OUTSTANDING BANK BORROWINGS OF ABOUT
S$49.1
MILLION ON PROPERTIES
    * BOARD HAS CONSIDERED OPTION OF RAISING ADDITIONAL FUNDING
TO
FINANCE REPAYMENT OF LOAN
    * BOARD HAS CONSIDERED DISPOSING PROPERTIES TO IMPROVE
FINANCIAL
POSITION

Source text for Eikon:  urn:newsml:reuters.com:*:nSNZ6HqqgN
Further company coverage:  CNER.SI 

 (Reuters.Briefs@thomsonreuters.com)