POLYTECHNIK to work itself out of insolvency

31 January 2022

POLYTECHNIK which is in insolvency, has said that it has filed for a restructuring proceeding without self-administration. The company says that it will work with creditors to complete existing projects and to support existing customers.  To overcome the liquidity crisis, the company will be involving all stakeholders in the restructuring and continuation measures, with positive signals supporting the restructuring measures already received. In addition, a strategic investor's planned involvement should help secure the continued operation and competitiveness at the international market in the long term.

Media Release here