Sondrel (Holdings) Ltd. (GB:SND) has released an update.
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Sondrel (Holdings) plc, a leader in ultra-complex chip production, has reported a challenging year with a revenue drop from £17.3 million to £9.4 million and increased net debt, partly due to project delays. The company has undergone significant changes, including management restructuring and securing £8.5 million from Rox Equity Partners, which now owns 49% of voting rights. These moves are part of a transformation plan, which also proposes the delisting of the company’s shares from AIM to streamline costs and complexities during transition.
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