TVL touch ventures limited
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News: TVL Touch Ventures Says Impairing Its Investment In Planpay

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    08/09/23
    11:40
    Post #: 69783441

    Sept 8 (Reuters) - Touch Ventures (TVL) :

    • IMPAIRING ITS INVESTMENT IN PLANPAY PTY LTD
    • IMPAIRING ITS INVESTMENT IN PLANPAY PTY LTD
    • BOARD HAS DECIDED THAT IT WILL NOT PROVIDE ADDITIONAL INVESTMENT TO PLANPAY IN ITS CURRENT STATE
    • CONSIDERING LIMITED FUNDING IN BUSINESS AND ITS PROSPECTS, CO HAS WRITTEN DOWN ITS INVESTMENT IN PLANPAY TO NIL
    • WRITE DOWN RESULTING IN NET TANGIBLE ASSETS OF CO DECREASING BY A$12M FROM REPORTED VALUE IN JULY 2023
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