Brief: Curando Nordic To Streamline And Focus On The Digital Part Of Business

VO2 Cap Holding publ AB

11/03/2019 07:12

March 11 (Reuters) - Curando Nordic AB  CUR.ST :
    * SAID ON FRIDAY TRADING OF CO'S SHARES WAS STOPPED ON
NASDAQ
FIRST NORTH
    * SAYS HAS NOT SUCCEEDED IN ACHIEVING THE TURNOVER AND THE
RESULTS
ORIGINALLY FORECASTED
    * TO DEAL WITH THE SITUATION, CO HAS TAKEN A STRATEGIC
DECISION TO
STREAMLINE AND FOCUS ON THE DIGITAL PART OF THE BUSINESS AND
DISPOSE OF EVERYTHING THAT DOES NOT SUPPORT THE CORE BUSINESS
    * SUBSIDIARY NIANA AB HAS BEEN SOLD TO ARENA GROUP
    * BOARD IS WORKING WITH THE LONG-TERM FINANCING THAT IS
NECESSARY
TO BE ABLE TO MAINTAIN A HIGH RATE OF DEVELOPMENT OF THE DIGITAL
PLATFORM

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkr2zr7ZG
    
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