Advance SCT

Advance SCT: Entered into framework agreement with several individuals for the disposal of assets worth an aggregate $9.2m, with the intention to ease its tight cashflow situation to repay short term loans, as well as to focus on trading in higher value scrap metals. Net proceeds will be used to repay debts ($4.4m), general working capital ($3m), investment in wastewater treatment plant ($1.5m) and acquisition of remaining shares in NTY ($0.3m).