Food & Drink Group shares have been suspended.
The shares slumped 7.25p to 10.25p prior to the suspension. That values the bars and restaurants operator at £580,000.
The company needs to raise more cash because of tough trading conditions. It is talking to potential finance providers but the outcome of the talks is uncertain.
There could be an offer for the business or a larger leisure company may reverse into Food & Drink Group. Its management is talking to a number of interested parties.
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