Thomas Prepare dinner has revealed it’s in “superior discussions” with its largest shareholder, Fosun Tourism Group, a couple of potential recapitalisation of the corporate.
The information, which additionally includes dialogue with banks about altering debt compensation schedules, noticed shares in firm practically halve in worth to simply seven pence this morning.
Beneath the proposal, the group is focusing on an injection of £750 million of recent cash which would offer adequate liquidity to commerce over the winter.
It could additionally provide the monetary flexibility to put money into the enterprise for the longer term, Thomas Prepare dinner stated.
At completion, the brand new cash would comprise a…