7th May 2021 17:26
Golden Rock Global PLC - special purpose acquisition company eyeing buy in fintech sector - Reports pretax loss for 2020 of GBP213,574 compared with GBP393,871 for 2019. Professional fees fall to GBP126,855 from GBP272,308. Says it continued to hunt for suitable acquisition targets in the fintech sector during the year.
Since year-end, raises GBP200,000 through share issue and Executive Director Wei Chen agrees to the continued deferral of his fees.
"The board considers that this, together with its existing cash resources at the year end, will be sufficient for its current working capital requirements, which is for at least the next 12 months whilst it continues its search for a suitable acquisition target," it says.
Current stock price: 11.65 pence
Year-to-date change: more than double 5.75p at end of 2020
By Lucy Heming;Â [email protected]
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