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Componenta Corp (CTH1V.HE)

CTH1V.HE on Helsinki Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Componenta: postponing of draft restructuring program
Thursday, 26 Jan 2017 10:00am EST 

Componenta Corp : Postponing of the draft restructuring program of Componenta .Restructuring of enterprises commences on Sept. 30, 2016.  Full Article

Composition proposals for Componenta Wirsbo and Componenta Arvika approved
Friday, 30 Dec 2016 10:00am EST 

Componenta Corp : Composition proposals for Componenta Wirsbo AB and Componenta Arvika AB approved . District courts in Sweden make decisions regarding restructuring of Componenta Wirsbo AB and Componenta Arvika AB .According to court decisions, unsecured creditors shall receive full payment up to a total amount of 10,000 Swedish crowns ($1,104) and 25 pct on excess claim to be paid.  Full Article

Componenta says consulting agreement signed with Is Yatirim
Wednesday, 21 Dec 2016 08:32am EST 

Componenta Dokumculuk :Majority shareholder Componenta Corporation and the company signs consulting agreement with Is Yatirim Menkul Degerler for sale of shares or/and assets in the company.  Full Article

Componenta to sell forge operations
Thursday, 13 Oct 2016 08:00am EDT 

Componenta Corp : Plans to sell its forge operations in Sweden - Componenta Wirsbo AB and Componenta Arvika AB . Says both companies are in corporate restructuring .Companies’ net sales in 2015 was about 50 million euros ($56.01 million) in total and they employ about 220 persons.  Full Article

Componenta to sell shareholding in Turkish subsidiary
Friday, 7 Oct 2016 02:30am EDT 

Componenta Corp : Plans to sell its shareholding in Turkish subsidiary, Componenta Dökümcülük Ticaret ve Sanayi A.S. . Turkish unit had net sales of 260 million euros ($288.99 million) in 2015 and it employs some 2,600 people . Arrangement is not expected to have impact on Componenta cash flow or on operations of remaining subsidiaries .Aim of divesture is to release Componenta group companies outside Turkey from debts from Turkish unit and improve unit's operational situation.  Full Article

Restructuring of Componenta Corporation and Componenta Finland Ltd starts
Friday, 30 Sep 2016 03:30am EDT 

Componenta Corp : Restructuring of Componenta Corporation and Componenta Finland Ltd commences . District court of helsinki appointed Mika Ilveskero, Attorney-at-Law, from Castrén & Snellman Attorneys to act as the administrator .Componenta Corporation and Componenta Finland Ltd filed for restructuring on Sept. 1, 2016 in district court of Helsinki, Finland.  Full Article

Componenta files for restructuring
Thursday, 1 Sep 2016 01:00am EDT 

Componenta Corp : Componenta files for restructuring . Liquidity of Componenta Group has become critical due to greater than expected negative development of turnover and profitability . Has not been able to negotiate additional financing necessary due to this situation . Files for restructuring of parent company i.e. Componenta Corporation and its subsidiaries . Dutch subsidiary Componenta B.V. will file for bankruptcy . Componenta Dökümcülük Ticaret ve Sanayi A.S. in Turkey will continue its operations without any official proceedings .Decided to call an extraordinary shareholders' meeting on Sept. 23 to resolve upon continuance of restructuring filing.  Full Article

Componenta to divide Sweden business area
Monday, 22 Aug 2016 02:30am EDT 

Componenta Corp : Says Sweden business area to be divided into two separate businesses .Two separate businesses would be Främmestad machine shop business and Wirsbo forge business.  Full Article

Componenta sells pistons business
Friday, 29 Jul 2016 08:30am EDT 

Componenta Corp : Has signed agreement relating to sale of Pistons unit with Koncentra Pistons Oy, wholly owned subsidiary of Koncentra Verkstad AB . Parties' objective is to finalize transaction within next weeks .Closing of transaction is conditional and requires, among other things, that purchaser completes its financing arrangement.  Full Article

Componenta Dokumculuk signs additional loan agreement at 15 mln euros
Thursday, 28 Jul 2016 06:01am EDT 

Componenta Dokumculuk : Signs additional loan agreement at 15 million euros ($16.63 million) .Says the additional loan agreement is signed with Turkiye Is Bankasi, Turkiye Halk Bankasi, Turkiye Vakiflar Bankasi and T.C. Ziraat Bankasi.  Full Article

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