Financial news
Written by: Zhang Weilun
2020-03-30 10:27
Last updated: 2020-03-30 10:28Esprit (0330) announced on Friday that six subsidiary companies applied for bankruptcy protection in accordance with German bankruptcy laws. After the resumption of trading this morning, the stock price has plummeted 28.9, the latest reported 0.61 yuan, down 19.7%.
Esprit pointed out that in order to protect the group's solvency and liquidity, and to continue its operation during the outbreak of the new crown pneumonia epidemic, on March 27, the company's 6 subsidiaries have applied for property protection proceedings in accordance with German bankruptcy laws and conducted self-management reorganization Procedures, the competent court has also implemented temporary self-management to allow relevant subsidiaries to continue to manage their assets.
[New Crown Pneumonia] Esprit's 6 European subsidiaries apply for bankruptcy protection and resume trading next Monday
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