Brief: CE Brands Announces Voluntary Bankruptcy Of Subsidiary And Resignation Of CFO

Vitalist

26/06/2023 13:32

June 26 (Reuters) - CE Brands Inc  CEBI.V :
    * CE BRANDS ANNOUNCES VOLUNTARY BANKRUPTCY OF SUBSIDIARY AND
RESIGNATION OF CFO
    * CE BRANDS INC - EBUYNOW ECOMMERCE LTD HAS MADE A VOLUNTARY
ASSIGNMENT INTO BANKRUPTCY UNDER BANKRUPTCY AND INSOLVENCY ACT
    * CE BRANDS INC - EBUYNOW'S BANKRUPTCY IS NOT EXPECTED TO
DIRECTLY
IMPACT CO'S RELATIONSHIPS WITH ITS CREDITORS OR OTHER
COUNTERPARTIES
    * CE BRANDS-THERE IS MATERIAL RISK EXISTING CONTRACTS
BETWEEN
EBUYNOW & SOME LICENSORS, DISTRIBUTORS, MANUFACTURERS MAY BE
TERMINATED

Source text for Eikon:  ID:nGNX7QYtX3 
Further company coverage:  CEBI.V 

 ((Reuters.Briefs@thomsonreuters.com;))