SIP sigma pharmaceuticals limited

Even if the sale falls through, the auditors will demand that...

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    Even if the sale falls through, the auditors will demand that the asset be written down in value to that figure, and that then places Sigma in breach of their bank covenants, but without the proceeds to repay them.

    How can that be good for the company?

    IMO that would only cause a need to sell more quickly, and at more distressed prices.
 
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Currently unlisted public company.

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