Tricor warns about liquidation

AIM-listed investment company Tricor could be wound down if it cannot continue its investing policy, the firm warned on Monday in it half-year results.

AIM-listed investment company Tricor could be wound down if it cannot continue its investing policy, the firm warned on Monday in it half-year results.

Tricor, whose policy is to seek acquisitions that may amount to a reverse takeover, said that the "uncertainty surrounding the ongoing VAT Tribunal and the increased timescales that have occurred have resulted in unforeseen delays in the investment process and the ability of the company to implement its investing policy satisfactorily."

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