Homburg Invest Inc.
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Publicatie datum
09 sep 2011 - 16:52
Statutaire naam
Homburg Invest Inc.
Titel
HOMBURG INVEST INC. TO RESTRUCTURE UNDER THE COMPANIES' CREDITORS ARRANGEMENT ACT
Bericht
HOMBURG INVEST INC. TO RESTRUCTURE UNDER THE COMPANIES' CREDITORS ARRANGEMENT ACT
MONTREAL, September 9, 2011 /CNW Telbec/Hugin/ – (TSX: HII.A & HII.B and NYSE Euronext Amsterdam: HII) – Homburg Invest Inc. (“HII” or the “Company”) announced today that it and certain of its subsidiaries applied to the Court for protection under the Companies' Creditors Arrangement Act (“CCAA”).
Deloitte & Touche LLP is the proposed Court-appointed monitor that will oversee the proceeding under the CCAA (the “Monitor”). Deloitte & Touche will periodically post the applications to the Court as well as the orders issued by the Court on its website.
HII is hopeful that the appointment of the Monitor will address the primary concerns of the Netherlands Authority for the Financial Markets (“AFM”). In addition to the duties and obligations of the Monitor as prescribed by law, HII has requested that the Monitor be afforded certain additional powers that will facilitate its ability to cooperate fully with the AFM, including the right of the Monitor to communicate directly with the AFM with regard to any matters concerning the HII group of companies.
“The purpose of the application is to allow us to restructure our activities in an orderly fashion in the best long-term interests of the Company and all of its stakeholders,” said Hartmut Fromm, Chairman of the Board of HII. “The CCAA application enables the Board of Directors and Management to take measures to enhance the balance sheet of the Company.”
Datum laatste update: 15 december 2025