All Asia Asset Capital disposal hits delay
All Active Asset Capital Limited NPV (DI)
53.50p
15:04 29/07/21
All Asia Asset Capital announced on Tuesday that, further to its announcement on 24 March regarding the passing of all resolutions at its extraordinary general meeting on the same day, it had not received the consideration payment equivalent to THB 34.89m for the disposal of its entire interest in Energy Central.
Financial Services
16,492.39
15:44 15/11/24
The AIM-traded firm said the completion of the disposal was originally scheduled for 15 April, but was subject to the receipt of the payment.
!The board of AAA has been informed by the purchaser that it has filed an application for the remittance of the payment to AAA, but at this stage the company has not received the Payment,” the board said in a statement.
“AAA is in dialogue with the purchaser's legal representative and the parties are working towards concluding the Payment within 15 days.”