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Graphene Nanochem said it is progressing with its re-organization
Wednesday, November 16, 2016 5:38
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(Before It's News)
In April 2016 Graphene Nanochem announced that it agreed to agreed to restructure its £16 million debt with its Malaysian lenders – and as part of the deal Nanochem will sell its non-core business and exit from low-margin operations.
The company now has published its latest financial results, and said that the restructuring plans are making progress. Trading in its shares is still suspended – until the company can raise more funds. As part of the re-organization plans, Graphene Nanochem will dispose of its platinum subsidiaries to focus on nanofluids (oil field chemicals), water treatment and enhanced building materials.
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