I have been informed that you have contacted the office to obtain information about the status of your Tiger stock.
As announced in the last quarterly report and in the announcement to recommend Tiger's $ 30 million facility, the company continues to engage with its senior lenders to discuss possible options to restructure its current debt position Financing commitment to grant stable and sustainable future capital structure.
There are still a few key factors to negotiate. Of course, there is no guarantee that an acceptable agreement will be reached.
The Company believes that the discussions have been positive under the circumstances, but remains aware that the debt restructuring must occur within the next 6 months to ensure that the Company's securities are traded on the ASX again , In the meantime, the company will remain voluntarily suspended while covering its medium-term funding needs and continuing discussions on the proposed restructuring.
According to the market recommendation in August, it is likely that the company will be removed from the ASX list if the company can not meet the ASX listing requirements by February 2020.
The Company will continue to update the market if required by its continuing disclosure requirements.
Greetings,
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