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BRIEF-I-cable Communications updates on notice from Wharf Holdings
March 9, 2017 / 10:10 AM / 7 months ago

BRIEF-I-cable Communications updates on notice from Wharf Holdings

March 9 (Reuters) - I-cable Communications Ltd:

* Notice from Wharf Holdings was sent to company on 9 March 2017

* Board of Wharf has resolved not to renew any of current funding commitments when they expire

* “Wharf has no intention to increase its shareholding interest in company”

* Wharf resolved not to provide any further funding commitments to any of company and its subsidiaries

* Board has resolved to explore alternative sources of funding and/or advise on any business reorganisation and continuance

* Application has been made by co to stock exchange for resumption of trading in shares with effect from 9:00 a.m. on 10 March 2017 Source text for Eikon: Further company coverage:

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