Walcom fails to secure loan from CEO, warns of liquidation
15th Jun 2020 09:16
(Sharecast News) - Animal feed group Walcom warned on Monday that it could very likely go into liquidation after having failed to secure a loan from its chief executive.
Read moreWalcom still facing funding hole as it awaits CEO loan
29th May 2020 09:58
(Sharecast News) - Walcom Group updated shareholders on its current working capital position, on Friday, reporting that its chief executive officer Francis Chi had still been unable to provide the proposed loan of HKD 1.23m £0.13m) as intended.
Read moreWalcom still waiting for desperately-needed director loan
16th Apr 2020 15:24
(Sharecast News) - Walcom updated the market on its working capital position on Thursday, confirming that its chief executive, Francis Chi, has still been unable to provide the proposed loan of HKD 1.23m to its wholly-owned subsidiary Walcom Bio-Chemicals Industrial, as intended.
Read moreWalcom warns of possible liquidation as it waits for loan
14th Feb 2020 11:14
(Sharecast News) - Walcom has warned it will be forced into liquidation unless its chief executive is able to provide a loan to support the company's working capital.
Read moreWalcom Group deputy CFO steps down as it seeks working capital
31st Dec 2019 12:44
(Sharecast News) - Walcom Group announced on Tuesday that it was in advanced discussions with its chief executive Francis Chi over the provision of a loan of HKD 1m, which was expected to be made available by the second week of January.
Read moreWalcom Group warns shareholders on its ongoing viability
6th Dec 2019 14:24
(Sharecast News) - Walcom Group updated the market on its working capital position on Friday, saying that under the terms of an existing bank facility, and as it had anticipated, a short-term bank loan of CNY 1m (£0.11m) is due for repayment by the company in the second week of December.
Read moreWalcom expects to meet liabilities until end of November
30th Oct 2019 15:03
(Sharecast News) - Walcom said on Wednesday that it expects to be able to meet its liabilities as they fall due until the end of next month.
Read moreWalcom looks to sell Thailand operation as it scrambles for cash
13th Mar 2019 15:18
(Sharecast News) - Walcom announced it was in negotiations regarding the proposed disposal of its entire interest in its subsidiary Walcom Bio-Chem Thailand on Wednesday.
Read moreWalcom 'severely constrained' after China economic slowdown
27th Feb 2019 12:08
(Sharecast News) - Walcom Group on Wednesday reported that its working capital position is "severely constrained" after revenues have been hampered by slowdown in the Chinese economy and failure to receive payments from its largest customer.
Read moreWalcom CFO resigns amid spat with largest customer
14th Dec 2018 11:14
(Sharecast News) - Walcom chief financial officer Albert Wong has resigned as a director of the company, effective immediately.
Read moreWalcom 'significantly restrained' by delinquent payments
21st Nov 2018 12:41
(Sharecast News) - Animal feed outfit Walcom told investors on Wednesday that it was yet to receive a RMB 4.96m (£556,000) payment from its largest customer, leading it to commence legal proceedings against the buyer in order to recover the funds.
Read moreWalcom director and COO in China to retire on 60th birthday
4th Jan 2017 12:39
(ShareCast News) - Professor Hong Xun Yang, chief technical officer and chief operating officer of animal feed additive producer Walcom Group in China and a director, is to retire from the company. Hong, who joined Walcom in 2007, will remain until 6 February when he will turn 60 years old, the offi
Read moreWalcom completes acquisition of Thai site to expand manufacturing
9th Nov 2016 12:09
(ShareCast News) - China-based investment holding company Walcom Group completed the 23.9m Thai baht (£520,000) acquisition of a stake in a site in Thailand where it plans to build a feed additive manufacturing plant. The AIM-listed company bought a two-thirds stake in a 15,295 square metre freehold
Read moreWalcom confident despite China difficulties
21st Sep 2016 10:39
(ShareCast News) - Agricultural products and feed company Walcom posted its interim results for the six months to 30 June on Wednesday, keeping its head above water despite difficulties in its main market of mainland China. The AIM-traded firm's revenue for the period was HKD 20.7m, up marginally fr
Read moreWalcom purchases large site for Thailand plant
21st Jul 2016 12:04
(ShareCast News) - Walcom Group announced on Thursday that it has reached agreement, via its subsidiary Walcom Thailand, for the purchase of a two-thirds stake in a 15,295 square metre freehold site in the Sakorn Province in Thailand, located 32km from Bangkok. The AIM-traded firm said total conside
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