SORBIC INTERNATIONAL PLC On 22nd December 2015 the Company issued £60,000 of new loan stock to cover the working capital requirements of Sorbic International plc whilst negotiations continue with Mr Wang Yan Ting ('Wang').
During the autumn there have been a number of discussions both with Mr Wang and the Chinese government authorities and officials to find a resolution. Negotiations are continuing and it is anticipated that there will be a further shareholder update within the next 8 weeks.
Again, I must alert shareholders to the fact that any announcement may be read by either Mr Wang or his advisers.
Finally, I can confirm that John Gunn, Piers Monckton and Les Allen have joined the Board and that the Company's actions to date have had the complete support from all the Board.
John McLean Chairman
17 Hanover Square, London,WIH1 1HU | SOHO @ Central, 6 Eu Tong Sen Street #08-19, | Double Moon Lake Road West, |
(UK Office) | Singapore 059817 (Singapore Office) | Linyi High Tech Industrial Development Zone, |
Company No. 06280431 | T. +65 65360880 F. +65 68364972 | Linyi Shangdong 276017, China (China Office) |
T. +44 (0)20 7930 8888 | T. +86 0539 710 9158 F. +86 0539 7109826 |
Sorbic International plc issued this content on 2015-12-23 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-04 09:32:05 UTC
Original Document: http://www.sorbicinternational.com/files/latestresults/Issue-of-loan-stock-and-shareholder-update-23-December-2015.pdf
