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Hynion Makes Progress With Creditors as Chairman Resigns Amid Restructuring

Story Highlights
  • Hynion has made substantial progress with creditors and may avoid bankruptcy, though its shares stay suspended.
  • Former chairman Jens Myhrstad has resigned, and an extraordinary meeting will appoint a new chairman soon.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Hynion Makes Progress With Creditors as Chairman Resigns Amid Restructuring

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Hynion AS Class A ( (DE:36R) ) just unveiled an announcement.

Hynion AS, which recently announced plans to file for bankruptcy after negotiations with creditors stalled, now reports substantial progress in talks with remaining creditors and expresses optimism that bankruptcy may be avoided, though its shares will remain suspended from trading until further notice. In a separate development, the company’s former chairman Jens Myhrstad has resigned, prompting the board to call an extraordinary general meeting to elect a new chairman, a move that adds a governance transition to the company’s ongoing financial restructuring efforts.

More about Hynion AS Class A

Hynion AS is a Norwegian company whose shares are listed on the stock exchange, operating within the hydrogen and clean-energy mobility sector by developing and operating hydrogen refueling infrastructure for transportation markets.

Average Trading Volume: 2,067,235

Current Market Cap: NOK14.71M

For an in-depth examination of 36R stock, go to TipRanks’ Overview page.

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