The deadline for submitting AB SNAIGĖ’s restructuring plan has been prolonged (further info supplied)

In 2023 January, 20, The Kaunas District Court docket granted the request of AB Snaigė’s insolvency administrator Aurimas Valaitis to increase the deadline for submitting the Firm’s restructuring plan to the courtroom till 2023 March 20

Based on the Firm’s common director, Mindaugas Sologubas, this determination was made as a result of one of many Firm’s mortgage collectors began transferring declare rights to a brand new creditor. For the reason that new creditor wanted extra time to enter the restructuring course of as a result of ongoing formalities, it was determined to postpone the consideration of the draft restructuring plan.
(Further info: AB SNAIGĖ’s creditor, AO UniCredit Financial institution, transferred possession of declare rights to a brand new creditor, UAB Straightforward Debt Service)

The Firm’s different collectors authorised the Firm’s restructuring plan by a majority of votes through the voting.

In M. Sologubas’s opinion, the Firm’s restructuring plan meets the pursuits of the Firm and its collectors. It offers optimism that the Firm will be capable to resolve momentary monetary issues.

“The primary strategic purpose of the Firm through the restructuring interval is to optimize and reorganize the corporate’s actions in such a manner that the corporate can fulfil its obligations to collectors as quickly as attainable,” mentioned M. Sologubas.

Throughout the restructuring plan, the Firm will implement the deliberate measures that can assist enhance the manufacturing quantity and gross sales of commercial and medical refrigerating gadgets with increased added worth, in addition to the manufacturing and gross sales of extra worthwhile unique home refrigerating gadgets.

Managing Director
Mindaugas Sologubas
Telephone +370 652 11997