Brief: Strax Says Strax Holding GmbH Notified Of Preliminary Insolvency Proceeding
10/07/2024 08:31
July 10 (Reuters) - Strax AB STRAX.ST :
* SAID ON TUESDAY STRAX HOLDING GMBH WAS NOTIFIED OF
PRELIMINARY
INSOLVENCY PROCEEDING BY THE COURT IN BONN, GERMANY
* THIS INITIATES A 90-DAY PROCEDURE WHERE THE COMPANY WORKS
TOGETHER WITH AN ADMINISTRATOR TO INVESTIGATE THE POTENTIAL FOR
THE BUSINESS TO CONTINUE OPERATIONS AS A GOING CONCERN
* HOLDING IN STRAX HOLDING GMBH HAS BEEN WRITTEN DOWN TO
ZERO
PREVIOUSLY IN STRAX AB
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Further company coverage: STRAX.ST
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