Emmerson Group and Emmerson Realty with bankruptcy petitions

Emmerson Group, listed on NewConnect, is a real estate company, offering comprehensive services on this market.

The reason for submitting the application is the loss of the company’s ability to perform its mature monetary obligations. The management board’s decision to submit the application was the result of a detailed analysis of the company’s financial situation and its economic prospects, which were significantly worsened due to the outbreak of the pandemic, which prevented the company from conducting business on the existing scale and thus taking corrective actions that were planned before the outbreak of the pandemic – we read in the announcement.

Source: https://www.money.pl/gielda/grupa-emmerson-i-emmerson-realty-zlozyly-wnioski-o-upadlosc-6549374501316225a.html