The company behind London's fire engines hit the emergency button today, saying it is pursuing a share sale to raise £8m.
Assetco has advised in recent weeks that it is facing a short-term cash crunch. Analysts regarded a share placing as the worst option, however, for funding a £4m short-term bill.
An Assetco statement this morning revealed it is approaching equity-owners for the cash.
Shares were down 25%, or 6p, to 18.6p, at lunchtime today.
