27th Feb 2020 14:39
(Alliance News) - Shares in Star Phoenix Group Ltd fell on Thursday after reporting it is yet to receive the proceeds from a GBP520,000 subscription agreement.
The oilfield services firm added that its investor has been experiencing "continued delays" with its bank.
Star Phoenix has extended the deadline to receive the funds to March 31.
Shares were 14% lower at 1.50 pence each in London on Thursday afternoon.
By Eric Cunha; [email protected]
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