MySquar chairman resigns amid Red Dragon spat
MySquar Limited (DI)
0.29p
12:34 07/12/18
MySquar chairman Piers Pottinger resigned from the embattled outfit on Wednesday, with immediate effect.
FTSE AIM All-Share
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09:15 26/04/24
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09:15 26/04/24
The Myanmar-focused app developer had its shares suspended from trading on Monday as a result of "material uncertainty" regarding its working capital position due to its inability to draw down on a $1m facility from Rising Dragon.
The AIM-listed outfit also withdrew its application for the admission to trading of its 171.43m shares issued by way of a placing on 30 October.
"The company is continuing to investigate the above matters and further announcements will be made as soon as practicable," said MySquar.
Chief financial officer Pham Dang Hung also stood down from his role with immediate effect back in April, to pursue other interests.
As of 1500 GMT, MySquar shares were suspended at 0.29p.