Brief: Oscar Properties Files For Company Reorganization

Oscar Properties Holding AB

10/05/2024 11:06

May 10 (Reuters) - Oscar Properties Holding AB  OP.ST :
    * FILES FOR COMPANY REORGANIZATION
    * DECISION HAS BEEN PROMPTED BY THE PARENT COMPANY'S LACK OF
LIQUIDITY AND HIGH LOAN-TO-VALUE RATIO
    * APPLICATION RELATES TO THE LISTED PARENT COMPANY, OSCAR
PROPERTIES HOLDING AB
    * COMPANY'S AND THE GROUP'S OPERATIONS SHALL CONTINUE AS
USUAL
DURING THE REORGANISATION
    * REORGANIZATION TO NEGOTIATE WITH CREDITORS, DISCUSS WITH
LENDERS
FOR A LONG-TERM SUSTAINABLE CAPITAL STRUCTURE
    * IT INCLUDES POSSIBILITY OF RAISING CAPITAL AND
IMPLEMENTING
IMMEDIATE ORGANISATIONAL CHANGES

Source text for Eikon:  ID:nMFN4cQrgz 
Further company coverage:  OP.ST 

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