Wilton Resources Agrees to Terminate Offtake Agreement; Shares Plunge 20%
Wilton Resources subsidiary, Wilton Wahana Indonesia, agreed to terminate an offtake agreement with Karya Jasa Bersahabat Internasional, according to a Thursday filing with the Singapore Exchange.Shares of the company were down 20% in recent trading.The two entities mutually decided to terminate the agreement as there had not been any withdrawal of funds against the facility.