Castings firm suspends trading in shares
Castings firm Chamberlin has suspended trading of its share on AIM until it reports its year-end results.
In a statement to the London Stock Exchange, the Walsall firm said it was “temporarily” putting a halt to the buying and selling of its shares, which were priced at 7.4 pence.
The statement read: “Trading on AIM for the under-mentioned securities has been temporarily suspended from 04/01/2021 7:30am, pending publication of the company’s annual audited accounts.”
In November, Chamberlin said it had furloughed all staff in its machining shop after losing its biggest customer to a competitor.
Chamberlin said the client, which represented some 75% its machine shop’s output, has informed the company of an earlier transition to the next product evolution which has been awarded to another supplier.
