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Other Announcements
UNIFAST FINANCE & INVESTMENTS PUBLIC COMPANY LTD
UFI - UNIFAST FINANCE & INVESTMENTS PUBLIC COMPANY LTD
Transfer of assets against debt

Unifast Finance & Investments Public Company Ltd wishes to inform investors that the transfer of assets (immovable property) of the company to the Bank, as explained in the audited accounts of 2019 announced on 30/06/2020, has been effected

The said transaction was carried out based on the advice and technical support of external advisors, on an arm's length basis.

The arrangement provided for the payment of cash and the transfer of the company's land reserves in settlement of its borrowings.

As already stated, this transaction will have a significant positive effect on the company's financial situation.

 

George Pipis

Director

 

Not Regulated
Filing Date: 31/07/2020 13:37