Last update: 04.07.2024 10:11 (GMT+3)

OGR: JSC “OT GRUPA” TO CONTINUE THE COMPANY AND BUSINESS RESTRUCTURING

02.09.2005, OT Grupa, RIG
Riga Stock Exchange                                                          02.09.2005

JSC “OT Grupa” to continue the company and business restructuring

On the extraordinary general meeting of shareholders the shareholders were introduced with
the business restructuring plan. The company restructuring is in progress; company assets are
being auctioned; accounts payable are being paid off.
Shareholders approved “OT Grupa” Annual Report for 2004 – up to now, the approval was delayed
by one of the shareholders. Now the Management board has the assignment to claim the losses
incurred due to the actions by this shareholder, SIA „Breyton Latvia”.
The company has disclosed the results of the first half of the year. In the first half of the
year the company has been working at a loss LVL 1.9 million. They have been incurred due to
the company restructuring.

Unofficial translation by RSE


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