Aseana Properties (GB:ASPL) has released an update.
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Aseana Properties has appointed Allenby Capital as its financial adviser to address financial challenges, including loan repayment demands. The company is considering an equity fundraising through a pre-emptive offer to shareholders to raise capital for loan repayments and working capital, with the potential risk of appointing an administrator if alternative funding is not secured. Current directors have engaged an external lawyer to review loan terms for compliance and governance issues.
For further insights into GB:ASPL stock, check out TipRanks’ Stock Analysis page.
