The extraordinary general meeting was convened in December after it became evident that the company’s equity had plummeted to minus 29.5 billion kronor. Shareholders were presented with two options: to continue operations or to liquidate the company – selling off all assets, settling as much debt as possible, and then ceasing operations. It has now been confirmed that shareholders chose to follow the board’s recommendation to continue operations.
“This is a positive outcome that reflects the support of our shareholders as we strive to achieve our ambitions and maximise our value,” wrote communications director, Matti Kataja.
Marie Karlsson Tuula, Professor of Civil Law at Linnaeus University and an expert in bankruptcy, said she would…
