21st Jan 2021 14:09
Chamberlin PLC - Walsall-based castings and engineering firm - Receives revised orders from major customer BorgWarner Turbo Systems Worldwide Headquarters GmbH through to March 22 after the German auto parts manufacturer in December said it intended to cancel all contracts from January.
"The board is implementing further measures to reduce costs and is exploring options to strengthen the balance sheet, including investigating the possibility of new equity capital and alternative measures to ensure the company's future," adds Chamberlin.
Current stock price: suspended, last quoted at 7.00 pence
By Ife Taiwo; [email protected]
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