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BRIEF-Hawe says court discontinues company's bankruptcy proceedings
August 23, 2017 / 6:31 AM / a month ago

BRIEF-Hawe says court discontinues company's bankruptcy proceedings

Aug 23 (Reuters) - HAWE SA:

* SAID ON TUESDAY THAT IT HAS RECEIVED A COURT DECISION TO DISCONTINUE ITS BANKRUPTCY PROCEEDINGS

* SAID IN THE JUSTIFICATION OF THE DECISION THE COURT POINTED OUT THAT ITS CREDITORS HAVE NOT MADE AN ADVANCE PAYMENT TO COVER THE COST OF THE PROCEEDINGS AND THERE IS NO LIQUID FUNDS TO COVER THE COSTS

* SAID THE COURT DECISION DOES NOT AFFECT OPERATING ACTIVITY OF THE GROUP

* SAID IT WILL NOT APPEAL THE DECISION

* SAID IT INTENDS TO CARRY OUT FURTHER MEASURES AIMED AT ITS RESTRUCTURING

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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