JC International Group Limited
(ASX:JCI) says it is exploring funding options worth up to $2 million with investors in China and other countries.
It comes as the China-based workforce outsourcing service provider, responded to series of ASX queries about its operations and funding.
The company told the ASX its past negative cash flows were hampered on the back of impacts from Chinese New Year and increased project funding.
When the ASX questioned if it would continue its operations, to meet its objectives, JC International said it signed two contracts in April; one with an Australian workforce solution provider, and another for labor services in Algeria.
Shares in JC International Group Limited
(ASX:JCI) last traded 0.58% lower to 86 cents.
