Edition:
United States

CHL Has Enough Liquidity Until July 15 Following Shareholders' Payments


Monday, 18 Mar 2019 06:39pm EDT 

March 19 (Reuters) - CHL SpA ::SAID ON MONDAY IT HAD RECEIVED EARLIER THAN PLANNED A PAYMENT FROM SHAREHOLDER FICHIMORI OF EUR 194,000.IT RECEIVED AS OF TUESDAY PAYMENTS FOR FUTURE CAPITAL INCREASE OF EUR 97,207.10 FROM SOME SHAREHOLDERS.ESTIMATES THAT IT WILL NOT RUN OUT OF LIQUIDITY UNTIL JULY 15, 2019.TOTAL AMOUNT OF PAYMENTS RECEIVED IS EQUAL TO EUR 478,312.88, OF WHICH EUR 187,105.78 FROM WARRANT EXERCISE AND EUR 288,207.10 AS PAYMENTS FOR FUTURE CAPITAL INCREASE.