Metabolic Explorer (FR:METEX) has released an update.
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METabolic EXplorer (METEX) has announced that MAASH is set to acquire the assets and activities of its subsidiary METEX NØØVISTA, following a decision by the Paris Commercial Court. The court had earlier allowed METEX NØØVISTA to undergo a judicial recovery procedure, and now a continuation plan has been approved in MAASH’s favor. However, METEX cautions that the sale’s proceeds will not allow for shareholder distribution, and the involved entities are expected to be liquidated judicially after the transfer.
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