Brief: Swing Media Technology Group says it received statutory demands from two separate financiers

Swing Media Technology

11/07/2017 10:39

July 11 (Reuters) - Swing Media Technology Group Ltd 
 SWMT.SI  
    * Has received statutory demands from two separate 
financiers 
    * Statutory demands will have material adverse impact on 
financial position, financial performance, business and 
operations of group 
    * Statutory demands indicate existence of material 
uncertainty which casts doubt on group and co's ability to 
continue as going concerns 
    * Requested for conversion of its trading halt to a 
voluntary trading suspension 
 
Source text for Eikon:  ID:nSNZ4ZPv1x  
Further company coverage:  SWMT.SI  
 
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