Brief: Oscar Properties' Reorganisation Application Rejected

Oscar Properties Holding AB

04/07/2024 07:41

July 4 (Reuters) - Oscar Properties Holding AB (publ) 
 OP.ST :
    * SAID ON WEDNESDAY IT HAS BEEN INFORMED THAT SVEA COURT OF
APPEAL
REJECTS THE COMPANY'S REORGANISATION APPLICATION
    * COMPANY INTENDS TO APPEAL TO THE SUPREME COURT AS LEGAL
EXPERTS
BELIEVE THAT REORGANISATION SHOULD BE GRANTED
    * OFFER TO THE PARENT COMPANY'S CREDITORS IS EXPECTED TO BE
PRESENTED LATER THIS SUMMER
    * COMPANY'S WORK ON VOLUNTARY REORGANISATION BY SETTLING
LIABILITIES THROUGH DEBT CONVERSION AND SECURING ASSETS
CONTINUES

        
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