Brief: Hiddn Subsidiary Files For Bankruptcy

Arribatec ASA

20/05/2020 11:04

May 20 (Reuters) - Hiddn Solutions ASA  HIDDNS.OL :
    * HIDDN - FINN CLAUSEN SIKKERHETSSYSTEMER AS RESOLVED TO
FILE FOR
BANKRUPTCY
    * BOARD OF DIRECTORS OF HIDDN'S SUBSIDIARY FINN CLAUSEN
SIKKERHETSSYSTEMER AS ("FCS") HAS RESOLVED TO FILE FOR FCS'
BANKRUPTCY
    * FCS CONSTITUTES A SMALL INVESTMENT FOR HIDDN, AND HAS BEEN
LOSS-MAKING FOR SEVERAL YEARS
    * WHILE BANKRUPTCY OF FCN AS SUCH IS UNFORTUNATE, ITS EFFECT
ON
HIDDN'S LIQUIDITY SITUATION WILL BE POSITIVE GOING FORWARD
    * BANKRUPTCY OF FCN EFFECT ON HIDDN'S LIQUIDITY SITUATION
WILL BE
POSITIVE GOING FORWARD

Source text for Eikon:  ID:nObiV7bh8a 
Further company coverage:  HIDDNS.OL 

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