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IN BRIEF: Tricorn loan from US PP program converted into grant
Tue, 14th Sep 2021 19:36
Tricorn Group PLC - UK-based manufacturer of pipes - Second draw loan as part of the US Payroll Protection Program amounting to around USD700,000, has been forgiven, converting it into a grant.
The loan was made to protect jobs in the US and keep up employee retention and payroll.
Current stock price: suspended at 4.02 pence
Year-to-date change: down 36%
By Dayo Laniyan; dayolaniyan@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
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