Croatian Shipyard 3. Maj Enters Bankruptcy Proceedings

the newly appointed receiver, Loris Rak. The court is set to review these claims in a hearing scheduled for September 9. The shipyard initially filed for bankruptcy on April 4. Notably, a restructuring attempt saw the company's shipbuilding activities transferred to its subsidiary, 3. Maj Rijeka 1905. Following a 10.3 million euro debt-for-equity swap, this subsidiary is now state-owned. This development has prompted the Zagreb bourse to monitor 3. Maj Brodogradiliste ’s stock closely after placing it under its monitoring segment. The ongoing proceedings and their impact on stakeholders remain to be fully understood. Source: https://seenews.com/news/croatian-shipyard-3-maj-enters-bankruptcy-proceedings-1275640