Brief: Fragbite Group Declares Subsidiary Fall Damage Studio Bankrupt

Fragbite AB (publ)

23/05/2024 07:49

May 23 (Reuters) - Fragbite Group AB (publ)  FRAGBI.ST :
    * DECLARES SUBSIDIARY FALL DAMAGE STUDIO BANKRUPT
    * ONGOING PROCESS OF ENTERING INTO AGREEMENT WITH PUBLISHER
FOR
GAME ALARA PRIME HAS NOT YET BEEN COMPLETED
    * BOOK VALUE OF FALL DAMAGE WILL BE WRITTEN DOWN TO ZERO IN
PARENT
CO'S BALANCE SHEET
    * EXPECTED TO HAVE NEGATIVE IMPACT ON GROUP'S RESULTS OF SEK
39.0
MILLION

Source text for Eikon:  ID:nMFNpf5XS 
Further company coverage:  FRAGBI.ST 

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