Brief: CPI Property Group Says Takes Allegations Raised By Muddy Waters Seriously And Understands That A Second Report Will Be Released Soon

Cpi Property SA

30/11/2023 19:53

Nov 30 (Reuters) - Cpi Property Group Sa  O5G.DE :
    * EQS-NEWS: CPI PROPERTY GROUP PUBLISHES FINANCIAL RESULTS
FOR THE
THIRD QUARTER OF 2023
    * CPIPG TAKES ALLEGATIONS RAISED BY MUDDY WATERS SERIOUSLY
AND
UNDERSTANDS THAT A SECOND REPORT WILL BE RELEASED SOON.
    * SINCE MUDDY WATERS REPORT WAS RELEASED, CPIPG HAS BEEN
PREPARING
A DETAILED RESPONSE FOCUSED ON FACTS AND DETAILS.
    * ON 20 NOVEMBER 2023, DAVID GREENBAUM, CFO OF GROUP SINCE
2018,
WAS APPOINTED CEO AND MANAGING DIRECTOR
    * DAVID REPLACES MARTIN NĚMEČEK, WHO RESIGNED FROM HIS ROLE
OF
CEO, MANAGING DIRECTOR, AND MEMBER OF BOARD OF DIRECTORS
    * CPIPG CONTINUES TO EXPLORE EQUITY AND CAPITAL RAISING IN
MULTIPLE FORMS.
    * IN ACTIVE, ADVANCED DISCUSSIONS ON POTENTIAL SALES OF
MINORITY
STAKES IN PORTFOLIOS LOCATED IN POLAND AND GERMANY.
    * CPIPG ALSO COMMENCED AN INTERNAL AUDIT

Source text for Eikon:  ID:nEQ4pfTq2a 
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