Advertisement
Canada markets closed
  • S&P/TSX

    21,947.41
    +124.19 (+0.57%)
     
  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     
  • DOW

    38,675.68
    +450.02 (+1.18%)
     
  • CAD/USD

    0.7308
    -0.0005 (-0.07%)
     
  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     
  • Bitcoin CAD

    85,970.29
    +4,792.03 (+5.90%)
     
  • CMC Crypto 200

    1,362.29
    +85.31 (+6.68%)
     
  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     
  • RUSSELL 2000

    2,035.72
    +19.61 (+0.97%)
     
  • 10-Yr Bond

    4.5000
    -0.0710 (-1.55%)
     
  • NASDAQ

    16,156.33
    +315.37 (+1.99%)
     
  • VOLATILITY

    13.49
    -1.19 (-8.11%)
     
  • FTSE

    8,213.49
    +41.34 (+0.51%)
     
  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     
  • CAD/EUR

    0.6787
    -0.0030 (-0.44%)
     

The deadline for Valoe’s restructuring programme extended until 14.6.2024. Valoe has secured financing for the duration of the proceedings and continues to negotiate longer-term financing.

Valoe Oyj
Valoe Oyj

Valoe Corporation        Stock Exchange Release        19 April 2024 at 14.05 Finnish time

                                                

The deadline for Valoe’s restructuring programme extended until 14.6.2024. Valoe has secured financing for the duration of the proceedings and continues to negotiate longer-term financing.

Valoe Corporation's ("the Company") restructuring proceedings commenced on 22 January 2024 by the decision of the District Court of North Savo. In accordance with the request of the administrator Pekka Jaatinen, the District Court has extended the deadline for submitting a draft restructuring programme for Valoe until 14 June 2024. The original deadline for submitting a draft restructuring programme was 22 April 2024.

ADVERTISEMENT

Valoe has secured funding for the duration of the restructuring proceedings. The company is actively negotiating long-term financing and ownership arrangements with several parties.

The Company's projects with key customers continue as normal.

In Mikkeli, 19 April 2024
Valoe Corporation

Board of Directors

For more information: Iikka Savisalo
President and CEO, Valoe Corporation
Tel. +358 40 521 6082, email: iikka.savisalo@valoe.com

Distribution:
NASDAQ OMX, Helsinki Main media www.valoe.com

Valoe Corporation designs, manufacturers, and sells solar power application projects, especially for vehicles and electronics. Valoe’s applications are based on the company’s own back contact technology and IBC solar cells manufactured at the Company’s cell factory in Lithuania. Valoe is headquartered in Mikkeli, Finland, with production facilities in Juva, Finland, and Vilnius, Lithuania.