Quantum Fund may collapse

The restructuring of Quantum Fund is no longer possible. Probably the company is facing bankruptcy. The court will decide in what form.

A few months ago, one of the creditors of Quantum Fund (QF) , the former Gent Holding group, filed for the company’s bankruptcy in prepared liquidation (so-called pre-pack). Wroclaw-based Homeland Investments offered to buy QF’s properties for PLN 19.1 million. The administrator, however, considered the offer to be abnormally low. Indeed, an expert had valued the market value of the QF property at PLN 57.4 million, and the liquidation value at PLN 43 million. However, another investor has emerged. Developer Moderna Holding wants to buy the QF property for PLN 41 million. This is still not much, considering that QF’s debts exceed PLN 140 million, and the company has no other assets or cash.

According to Krzysztof Golab, QF’s forced administrator, any restructuring of the company is not possible. The first two attempts failed. The third is likely to end similarly. He explains that QF’s properties can be disposed of all together in a pre-pack bankruptcy, or separately in a classic bankruptcy. This will be decided by the court.

Source: https://www.pb.pl/quantum-fundu-nie-da-sie-zrestrukturyzowac-1156650