Some hope20 Dec 2018 11:32
Kevin van Wouw, CEO of Cradle Arc, commented:
"The Company will co-operate with the Provisional Judicial Manager in order to seek the best financing and operational plan for Leboam, to resolve the group's current financial difficulties.
"Following from the impasse between Fujax and the Secured Lenders to the project, where the working capital facility agreed was not completed and which has directly led to this situation, we have commenced discussions with various existing and potential funders in order to attempt to secure a suitable financing solution for the project going forward.