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Woodbois Limited ( (GB:WBI) ) has issued an update.
Woodbois Limited announced the termination of loan facilities by Nykredit Bank A/S, requiring repayment of approximately USD 2.72 million by January 17, 2025. The company, acting as guarantor, is exploring settlement options with the bank to address the failed negotiations over the past year. This development could impact Woodbois’ financial stability and investor confidence.
More about Woodbois Limited
Woodbois Limited operates in the timber and forestry industry, focusing on sustainable forestry management and timber production. The company is involved in the production and sale of hardwood and softwood products, aiming to supply global markets with responsibly sourced timber.
YTD Price Performance: -14.00%
Average Trading Volume: 60,076,238
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £9.94M
For detailed information about WBI stock, go to TipRanks’ Stock Analysis page.