From the update released Friday arvo:
Due to ongoing travel restrictions, supporting these diligence processes has proven challenging with investors unable to conduct on-premises diligence activities. As a result, the Company requires further time to finalise diligence and agree definitive documentation.CLH is currently in the process of negotiating appropriate changes to the standstill arrangements which cease on 30 October 2020. The Company remains confident of concluding these negotiations shortly and continues to have the support of its senior lenders.
CLH believes that the resumption of trading in its securities would be premature and could adversely affect CLH’s ability to successfully implement the recapitalisation process. The Company is not aware of any reason why the suspension should not remain in place.
