FRX Innovations Inc (TSE:FRXI) has released an update.
FRX Innovations Inc., a global manufacturer of sustainable flame-retardant products, has been requested by its European lender to honor a guarantee for its subsidiary’s debt totaling over €8.5 million. The company is currently negotiating to resolve the issue, which is critical for maintaining its ongoing operations. FRX, known for its environmentally friendly manufacturing processes and award-winning ESG initiatives, is committed to updating stakeholders once discussions conclude.
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