Brief: AAP Implantate Refusal Of Audit Opinions For FY Report

aap Implantate AG

30/06/2020 06:50

AAP IMPLANTATE AG  AAQG.DE :
    * SAID ON MONDAY, REFUSAL OF AUDIT OPINIONS FOR ANNUAL
FINANCIAL
REPORT 2019 (HGB) AND CONSOLIDATED ANNUAL FINANCIAL REPORT 2019
(IFRS)
    * IMPLEMENTATION OF VARIOUS FINANCING AND COST-SAVING
OPTIONS TO
SECURE FINANCING 
    * IN THE AUDITOR'S VIEW UP TO THE TIME OF BALANCE SHEET
MEETING NO
SUFFICIENT EVIDENCE PRESENTED THAT AAP'S FINANCING IS SECURED
FOR 12-MONTH PERIOD
    * AUDITOR WILL ISSUE A NOTE OF REFUSAL DUE TO OBJECTIONS TO
THE
ACCOUNTING ON THE ASSUMPTION OF CONTINUATION OF BUSINESS
ACTIVITY (SO-CALLED GOING CONCERN)
    * CURRENTLY UNDERGOING A COMPREHENSIVE RESTRUCTURING AND
REFINANCING PROCESS TO SECURE THE COMPANY'S CONTINUED EXISTENCE
AND FUTURE VIABILITY
    * COMPANY IS EXAMINING A PARTIAL SALE OF EXCESS CAPACITY OF
THE
MACHINERY 
    * AT AGM TO PROPOSE AN ORDINARY CAPITAL DECREASE

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEQ6Rtsz2a
    
 Further company coverage:  AAQG.DE  
   


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