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BRIEF-Evans Medical says bankers to takeover company assets used as collateral
October 20, 2017 / 12:09 PM / in a month

BRIEF-Evans Medical says bankers to takeover company assets used as collateral

Oct 20 (Reuters) - Evans Medical Plc

* SERVED EX-PARTE ORDER OF THE FEDERAL HIGH COURT GRANTING BANKERS RIGHT TO TAKEOVER CO‘S ASSETS USED AS COLLATERAL AGAINST FACILITIES

* RECEIVER MANAGER BEEN APPOINTED AND HAS TAKEN OVER THE ASSETS OF THE COMPANY‍​

* BEGUN DISCUSSIONS WITH TWO LENDERS, DISCUSSIONS PROGRESSING FAVOURABLY, OPTIMISTIC ARRANGEMENT WILL BE ARRIVED AS SOON AS POSSIBLE Source text ID: (bit.ly/2zo69wc) Further company coverage:

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