Built Cybernetics Disposes of Loss-Making Subsidiary
The engineering group has disposed of its loss-making subsidiary, Anders + Kern U.K. Limited, for a nominal sum, removing a significant drag on its financial performance.
The engineering group has disposed of its loss-making subsidiary, Anders + Kern U.K. Limited, for a nominal sum, removing a significant drag on its financial performance.
The engineering and construction company has announced a change in shareholding, with Truetide plc now holding 3.54% of the voting rights.
The engineering and construction group reports mixed trading, with total revenues expected to exceed the prior year but weaker second-half performance and ongoing losses from a subsidiary.
The smart buildings group has received further subscriptions for its convertible loan notes, taking the total to £1.045 million.
The smart buildings group provides an update on its convertible loan note program, confirming receipt of additional funds.
The engineering and construction group has raised £845,000 through the issue of Convertible Loan Notes, strengthening its balance sheet and providing greater financial flexibility to support its growth strategy.
The engineering group's CEO and his spouse have transferred a portion of their shareholdings into their respective pension schemes.
The engineering and construction group has issued new shares to satisfy its employee share scheme, with the raise conducted at the current market price.
The smart buildings specialist reported reduced losses and revenue growth, with its strategic shift showing promise. However, project delays and a decreased cash position present ongoing challenges.
The engineering and construction company has appointed Canaccord Genuity Limited as its new Nominated Adviser and broker.