Brief: Blackwell Global Holdings Announces Restructure Of Business Operations

RTO

18/01/2021 01:17

Jan 18 (Reuters) - Blackwell Global Holdings Ltd  BGI.NZ :
    * RESTRUCTURE OF BUSINESS OPERATIONS OF BGI
    * OF THE VIEW THAT CO IS UNABLE TO CONTINUE TO OPERATE AS A
MEANINGFUL FINANCE COMPANY OPERATION
    * DECIDED TO WIND DOWN THE EXISTING FINANCE COMPANY
OPERATION
    * NOT LIKELY THAT FUNDING WILL BE FOUND TO ASSIST CO IN
NEAR/INTERMEDIATE FUTURE
    * RESOLVED TO DISESTABLISH ROLES OF CHIEF EXECUTIVE & CHIEF
OPERATING OFFICER WITHIN SENIOR EXECUTIVE TEAM
    * TO EXPLORE OTHER ALTERNATIVE BUSINESS OPPORTUNITIES FOR
BGI VIA
A POTENTIAL REVERSE TAKEOVER TRANSACTION
    * CHIEF EXECUTIVE MARK THORNTON MADE REDUNDANT

Source text https://www.i-search.nzx.com/blobs/NZF000000/504165/NZF000000-338911.pdf
Further company coverage:  BGI.NZ 

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