BRIEF-Ellies Holdings Says From Feb 12, Will No Longer Provide Financial Assistance To Ellies Industries

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BRIEF-Ellies Holdings Says From Feb 12, Will No Longer Provide Financial Assistance To Ellies Industries
Credit: © Reuters.

Feb 12 (Reuters) - Ellies Holdings Ltd ELIJ.J :

* ELLIES HOLDINGS - DETERMINED WITH EFFECT FROM 12 FEBRUARY 2021, COMPANY THROUGH ELECTRONICS WILL NO LONGER PROVIDE FINANCIAL ASSISTANCE TO INDUSTRIES

* ELLIES HOLDINGS - DECISION RESULTED IN ELECTRONICS BOARD RESOLVING TO COMMENCE WITH AN APPLICATION FOR LIQUIDATION OF INDUSTRIES

* ELLIES HOLDINGS - RESOLUTION OF ONGOING LOSSES IN INDUSTRIES IS EXPECTED TO HAVE A POSITIVE EFFECT ON FINANCIAL POSITION OF ELLIES GOING FORWARD

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