Its starting to feel like a while since the beaten-up ASX share BWX Ltd (ASX: BWX) has been available for trading on the ASX. Thats because it has been. BWX shares last traded on the share market back on 23 March, almost two weeks ago.
Back then, the company announced a trading halt so that it could complete its refinancing, which was first announced to investors last year.
And thats all weve heard from BWX over the past fortnight or so. Well, until yesterday.
BWX shares enter voluntary administration
It appears that the companys refinancing efforts did not turn out as planned. Yesterday, BWX put out another ASX statement. This confirmed that the company has entered voluntary administration. Heres some of what the statement had to say:
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Read the full article at: https://www.fool.com.au/2023/04/04/beaten-up-bwx-shares-remain-halted-amid-voluntary-administration/