Andalas Energy in talks with investors about fundraising
Andalas Energy and Power confirmed on Tuesday that it is in discussions with investors about a potential fundraising to fund its ongoing activities in Indonesia.
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10:04 15/11/24
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15:45 15/11/24
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In response to recent media speculation that it was undertaking a significantly discounted equity fundraising, the company said discussions are preliminary and it cannot guarantee that any such fundraising will take place in the short term.
Pending the outcome of these discussions, it has requested a suspension in trading of its shares on the AIM Market and said a further announcement will be made in due course as and when appropriate.
At 1015 BST, the shares were down 3.2% to 0.08p.