Industrial Machinery & Equipment
EEMS Italia SpA:Says court in Rieti announces the decree of approval of its composition with creditors.Deadline for the implementation of its composition with creditors is Aug. 31.Court in Rieti scheduled the hearing for the approval of the composition with creditors of unit Solsonica SpA on Sept. 17.
OspreyFrank PLC:Has ceased trading with immediate effect.Directors are to petition court to place company into liquidation due to its insolvency.Day to day operation of two trading subsidiaries is unaffected by this decision.
Lupatech SA:Says that it has filed, filed jointly with other subsidiaries of the Lupatech Group, for court-supervised reorganization before the Court of Sao Paulo, State of Sao Paulo.The company also informs that the request for court-supervised reorganization was filed on an urgent basis and it has been called an extraordinary general meeting to ratify the decision taken by its board of directors.
EEMS Italia SpA:The court in Rieti opened the composition with creditors procedure for the company.The court in Rieti authorized the continuation of the company’s business and the acceptance of the binding offer of Gala Holding.The court in Rieti appointed Francesca Vitale supervising judge and Enrico Santilli court commissioner for the company and ordered the meeting of creditors for April 28.
EEMS Italia SpA:Says it has filed an application to the Court of Rieti to request a further extension for 30 days for filing the documentation pursuant to art. 161 of the bankruptcy law.