Brief: I-cable Communications updates on notice from Wharf Holdings

i-CABLE Communications

09/03/2017 08:51

March 9 (Reuters) - I-cable Communications Ltd  1097.HK : 
    * Notice from Wharf Holdings was sent to company on 9 March 
2017 
    * Board of Wharf has resolved not to renew any of current 
funding commitments when they expire 
    * "Wharf has no intention to increase its shareholding 
interest in company" 
    * Wharf resolved not to provide any further funding 
commitments to any of company and its subsidiaries 
    * Board has resolved to explore alternative sources of 
funding and/or advise on any business reorganisation and 
continuance 
    * Application has been made by co to stock exchange for 
resumption of trading in shares with effect from 9:00 a.m. on 10 
March 2017 
 
Source text for Eikon:  ID:nHKSbPyN39  
Further company coverage:  1097.HK   0004.HK  
 
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