The Letter of Demand [from Petronas] was received on or about 22 February 2016.
MClean did not explain why they waited one full week to inform its shareholders, to me it looks like material information, getting a letter of demand from a large corporate, the claim amount being about 3.5 times the cash in the company.
We are confident that the medium to long-term impact will not be adverse to the Group.
Time will tell.
Post a Comment