April 3 (Reuters) - BWX Ltd (BWX) :
- AUSTRALIAN OPERATIONS HAVE ENTERED VOLUNTARY ADMINISTRATION
- VOLUNTARY ADMINISTRATION WILL HELP PROGRESS RESTRUCTURING PROCESS ALREADY UNDERWAY
- RANGE OF ISSUES CONTINUED TO IMPACT AUSTRALIAN OPERATIONS OF BWX, INCLUDING CUSTOMER DESTOCKING AND INVENTORY AND WORKING CAPITAL ISSUES
- AUSTRALIAN OPERATIONS OF BWX LTD ENTERED VOLUNTARY ADMINISTRATION
- OPERATIONS OF BWX OUTSIDE OF AUSTRALIA AND GO-TO BUSINESS ARE NOT INCLUDED IN ADMINISTRATION
- ADMINISTRATORS INTEND TO TRADE AUSTRALIAN OPERATIONS OF BWX ON A BUSINESS-AS-USUAL BASIS
- DIRECTORS ACTIVELY WORKING TO FIND A COMPATIBLE BUYER FOR BWX’S 50.1% SHAREHOLDING IN GO-TO
- ADMINISTRATORS INTEND TO CONTINUE SALE PROCESS FOR BWX'S 50.1% SHAREHOLDING IN GO-TO
- OPERATIONS OF BWX OUTSIDE OF AUSTRALIA AND GO-TO BUSINESS ARE NOT INCLUDED IN ADMINISTRATION
(([email protected];))
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