Wednesday, July 18, 2012

TT Intl

TT Intl: Disclaimer of opinion issued by auditors for FY2012 results, also previously issued for FY2011 results. Highlights that co has incurred a net loss of $15.0m in 2012 and $37.1m in 2011 with negative equity of $108.1m Co is currently under a scheme of arrangement with creditors. However with the pullout of Lucrum Capital’s invt, there is no foreseeable development in the Big Box project unless another investor appears.

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