Woodbois Limited ( (GB:WBI) ) has provided an announcement.
Woodbois Limited has faced significant disruptions due to halted production and management changes, leading to financial strains and mounting creditor pressure. A recent court ruling in Gabon favored BGFI Bank in recovering EUR 790k from Woodbois, highlighting the urgency for the company to resume production to alleviate financial pressures and fulfill creditor obligations. The company is actively working on shipping existing stock and exploring financing options to stabilize operations, indicating a strategic move to reassure stakeholders, including employees and shareholders.
More about Woodbois Limited
Woodbois Limited operates in the forestry and timber industry, focusing on the production and export of timber products. The company is involved in the supply chain from harvesting to shipping, with operations primarily based in Gabon.
YTD Price Performance: -59.00%
Average Trading Volume: 69,028,899
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £5.19M
Learn more about WBI stock on TipRanks’ Stock Analysis page.