HIGHLIGHTS:
- Board of Directors unanimously supports the debt restructuring of its Finland-based subsidiary Kuu Hubb Oy, which represents over 7.7 million of aggregate indebtedness
- Kuuhubb Inc.s operations will continue without interruption; the process is not expected to have any impact on customers, vendors or employees
- The Debt Restructuring proceedings will be under the jurisdiction of the District Court of Helsinki, in Finland, governed by the Finnish Restructuring of Enterprises Act (47/1993, REA)
- Following the debt restructuring process, the Company expects to emerge in a stronger financial situation, positioned for future growth
TORONTO, Sept. 02, 2021 (GLOBE NEWSWIRE) — Kuuhubb Inc. (Kuuhubb or the Company) (TSXV: KUU), a mob…
Read the full article at: https://www.globenewswire.com/news-release/2021/09/02/2291215/0/en/Kuuhubb-Inc-Announces-Debt-Restructuring-of-Subsidiary-Kuu-Hubb-Oy.html