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BRIEF-Powerhouse Ventures writing down investment in Hydroworks Limited
August 10, 2017 / 12:59 AM / 4 months ago

BRIEF-Powerhouse Ventures writing down investment in Hydroworks Limited

Aug 10 (Reuters) - Powerhouse Ventures Ltd

* Directors of PVL are of opinion that a material degradation has occurred to value of Hydroworks Limited

* Powerhouse is aware Hydroworks continues to face significant financial issues

* Writing its investment in Hydroworks Limited down to a nil carrying value Source text for Eikon: Further company coverage:

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