Wilton Resources Agrees to Terminate Offtake Agreement; Shares Plunge 20%
MT Newswires08-08
Wilton Resources (SGX:5F7) 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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.