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MySQUAR suspended due to material uncertainty over cash position

The move follows a review of the account into which the proceeds of bond issues on 7 March and 20 June were paid
MySQUAR
Cash balances are very low

Myanmar-focused app developer MySQUAR Limited (LON:MYSQ) has suspended its shares due to 'material uncertainty' over its working capital position.

The move follows a review of the account into which the proceeds of bond issues on 7 March and 20 June were paid.

MySquar added that its cash balances are very low and it has sought to draw down on the $1m facility from Rising Dragon Singapore Pte Limited without success. 

 

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