Similar announcement to the last one. No trading update. No announcement of new contracts. No confirmation of existing contracts in China. Are they getting any money in at all? Where is an update to the current trading situation company wide?
Sounds like a total washout in China. Having to start from new ie renew contracts if there valid ditch them if not.
There is no detail here only platitudes. The impact on accounts is likely to be a write of of receivables and reduction in profit ie increase in losses.
Management needs get their butts sued off and tossed in jail.
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