Brief: Cherrypick Games To Book 9.0 Mln Zloty Write-Down

Cherrypick Games SA

21/03/2022 07:28

March 21 (Reuters) - Cherrypick Games SA  CHPP.WA :
    * SAID ON FRIDAY IT HAS SIGNED AN AGREEMENT WITH A NATURAL
PERSON
FOR THE ASSIGNMENT OF RECEIVABLES DUE TO THE COMPANY FROM KUU
HUBB OY WORTH 2.0 MILLION EUROS FOR THE PRICE OF 0.2 MILLION
EUROS
    * IF THE CONDITIONS, REPRESENTATIONS AND GUARANTEES
CONTAINED IN
THE AGREEMENT ARE NOT FULFILLED BY AUGUST 31 THE COMPANY AND THE
BUYER HAVE THE RIGHT TO TERMINATE THE AGREEMENT
    * ADDITIONALLY, IN CONNECTION WITH THE AGREEMENT, THE
COMPANY
DECIDED TO CREATE A FULL WRITE-DOWN AS AT DECEMBER 31, 2021 FOR
IMPAIRMENT OF RECEIVABLES RESULTING FROM THE SALE OF 'MY
HOSPITAL' TO KUU HUBB OY, THAT IS 9.0 MILLION ZLOTYS IN TOTAL
    * THE WRITE-DOWN IN THE ABOVE-MENTIONED AMOUNT WILL BE
INCLUDED IN
THE COMPANY'S ANNUAL FINANCIAL STATEMENT FOR 2021

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEMYNdlWa
 Further company coverage:  CHPP.WA  

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