VDM fights to stay afloat

A SERIES of legal decisions has come at the perfect time for VDM Group, lifting its financial position by $A4 million as an ongoing recapitalisation plan attempts to keep the company from going into administration.

13 November 2013
comments
share

VDM Group was awarded the funds after several successful adjudication determinations, which in turn followed the outlining of a financing proposal in late October including an unsecured loan facility

denied_image

PNG's leading resources sector news service

Subscribe today and enjoy full access to PNGReport.com - the most comprehensive source of news on PNG's resources sector and related industries in the country and wider region.

Website Package

Full access to PNGReport.com - desktop and mobile display
News and analysis of national and international projects
News and coverage of community events and issues.
Analytical coverage of corporate and investment activity
In-depth policy development and related governmental issues
Market watch and expert opinions
Regular technology and innovation features
Weekly wrap of stock prices for listed companies operating in PNG
Access can be purchased in AUD, EUR, USD

Try PNG Report for 30 days for ONLY $1

START YOUR TRIAL

view all subscription options

Most read News