on SINGULUS TECHNOLOGIES AG (isin : DE0007238909)
SINGULUS TECHNOLOGIES Delays Half-Year Report Amid Financing Talks
SINGULUS TECHNOLOGIES AG is currently in discussions with Triumph Science and Technology Group Co. Ltd. regarding a restructuring of its financing. Triumph, based in Beijing, has committed to providing SINGULUS with sufficient liquidity to meet its financial obligations through March 31, 2025.
The complete reorganization of financing between the two entities remains unresolved. As a result, SINGULUS has postponed the publication of its half-year report, initially scheduled for August 14, 2024, pending final clarification with Triumph. The company expects to conclude these discussions by August 23, 2024.
This delay underscores the importance of the outcome of these financing talks for the company's financial stability.
R. P.
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