Poxel Reports Financial Results for Full Year 2024 and Provides Operational and Financial Update [Yahoo! Finance]
SUMITOMO CHEM UNSP/ADR (SOMMY)
NASDAQ:AMEX Investor Relations:
sumitomo-chem.co.jp/english/ir
Company Research
Source: Yahoo! Finance
Change in governance effective since August 1 st , 2025, following the filing of a declaration of insolvency (déclaration de cessation des paiements) and a request to open reorganization proceedings (redressement judiciaire) with the Court for Economic Activities of Lyon Opening of reorganization proceedings decided at the hearing held on August 5, 2025, with a six-month observation period running until February 5, 2026: Interim hearing on October 2, 2025, confirming the continuation of the observation period to allow for the preparation of a continuation plan Depending on its final terms, the continuation plan to be established will be submitted to shareholders for approval in due course The Statutory Auditors have stated that they are unable to certify Poxel's 2024 financial statements, given the material uncertainty regarding the Company's ability to continue as a going concern arising from the aforementioned judicial reorganization proceedings Continued commercial momen
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