16th Dec 2020 16:52
Chamberlin PLC - Walsall-based castings and engineering firm - Notes that major customer BorgWarner Turbo Systems Worldwide Headquarters GmbH intends to cancel all contracts with effect on January 22, 2021.
"The board is reviewing the notification with its advisers and is evaluating the potential impact on the company. A further announcement will be made in due course," the group stated.
Current stock price: 7.88 pence, down 15% on Wednesday
Year-to-date change: down 75%
By Dayo Laniyan; [email protected]
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