on ZhongDe Waste Technology AG (ETR:ZEF)
Insolvency Proceedings Loom Over ZhongDe Waste Technology AG
The German Federal Office of Justice has applied for the opening of insolvency proceedings against ZhongDe Waste Technology AG. The announcement came after ZhongDe's proposal for an instalment plan regarding a significant claim of EUR 11.8 million was rejected. The proceedings could severely impact ZhongDe's operations and financial health.
ZhongDe Waste Technology AG, based in Frankfurt, seeks to negotiate or undertake legal actions to mitigate unfavorable outcomes. The company emphasizes its commitment to maintaining stable operations and protecting shareholder interests. The situation remains dynamic, with potential implications for its listing on the Frankfurt Stock Exchange.
R. E.
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