English
The National Securities Commission yesterday decided to suspend carbide manufacturer Carbid Fox (BSE - CRB) stock from trading on the securities market as of May 29th. The decision was made after the Mures Commercial Court ordered the bankruptcy of Carbid Fox, following the petition submitted by the creditor Transcargo International SRL. Coreli Consult SPPI was appointed provisional liquidator.
On March 6th, Transcargo International submitted a bankruptcy petition against the debtor Carbid Fox on grounds that the latter continued to post losses and failed to implement the restructuring program. The company halted production on December 6th, failing to meet its payment deadlines. Carbid Fox has debts towards Imcoop Calear Cluj, Tarnaveni Town Hall, ANAF, BCR and BRD Group Societe Generale. The company has a share capital of 12.79 million RON, divided into shares with a face value of 0.1 RON.
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