New Times Corporation Announces Further Delay in Despatch of Circular for Subsidiary Share Disposal
Reuters
Oct 13
New Times Corporation Announces Further Delay in Despatch of Circular for Subsidiary Share Disposal
New Times Corporation Limited has provided an update regarding the proposed disposal of shares in one of its subsidiaries. The company announced a further delay in the despatch of a circular related to the transaction, citing the need for additional time to prepare financial information, including a statement of indebtedness and a statement of sufficiency of working capital. New Times Corporation Limited has applied for an extension of time and will issue another announcement once a new expected date for the circular's despatch is determined.
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