News blog
Pure Wafer
- BY: Andrew Hore |
- POSTED: 25/03/2009 |
Pure Wafer has appointed an adviser to explore its options.
These options include a re-financing of the business, restructuring the balance sheet, seeking an acquirer or a potential equity fund raising. The silicon wafer reclaim business believes that these are likely to be the best ways to generate some value for the shareholders.
Pure is still talking to its funders about its financial position.
The shares were suspended on 17 March 2009 because the business was suffering from a shortage of funds. At the suspension price of 2.75p a share, Pure Wafer is valued at £730,000.
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