On 22 July 2021, Swencn AB (a subsidiary of Nordecon AS) filed an application with the Nacka District Court in Stockholm, Sweden, to initiate restructuring proceedings. Through the restructuring procedure, the company wants to overcome the difficulties in paying bills, restructure creditors’ claims and improve Swencn AB’s liquidity. The purpose of the restructuring is to ensure equal treatment of creditors and the continuation of activities of Swencn AB.
The Nacka District Court initiated restructuring proceedings on 22 July 2021 and set a first meeting of creditors on 19 August 2021 to present the restructuring plan submitted by Swencn AB.
The described activities are related only to Swencn AB’s activities in the Swedish market and …
Read the full article at: https://www.globenewswire.com/news-release/2021/07/23/2267858/0/en/Swencn-AB-a-subsidiary-of-Nordecon-AS-applied-to-the-Swedish-court-to-initiate-restructuring-proceedings.html