Brief: Oscar Properties - Stockholm District Court Cancels Bankruptcy Proceedings

Oscar Properties Holding AB

12/08/2024 14:00

Aug 12 (Reuters) - Oscar Properties Holding AB  OP.ST :
    * STOCKHOLM DISTRICT COURT CANCELS BANKRUPTCY PROCEEDINGS
    * BANKRUPTCY CASE IS CANCELLED DUE TO THE APPLICANT'S
WITHDRAWAL
    * PLAN INVOLVES RIGHTS ISSUE WHERE CREDITORS CAN SUBSCRIBE
FOR
SHARES VIA SET-OFF, SUPPLEMENTED BY A CASH PORTION GUARANTEED BY
CURRENT SHAREHOLDERS AND EXTERNAL PARTIES
    * IF ISSUE IS SUCCESSFUL, PLAN IS TO OFFER A LISTING
CANDIDATE A
LISTING WITH A LITTLE CASH IN, WITH A LARGELY CLEARED BALANCE
SHEET AND WITH LOSS DEDUCTION AROUND 1.5 BILLION

Source text for Eikon:  ID:nMFNch6bSd 
Further company coverage:  OP.ST 

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