Apexim debts reach zl. 127 million and waits for court verdict on its future
Warsaw-based tele-information network integrator Apexim, is waiting for a
court ruling on its agreement with creditors and to see if the company will
go into receivership, which is demanded by Siemens and Mercor. Apexim, a
company quoted on the Warsaw Stock Exchange (WSE), has debts approaching zl.
127 million. Its president Zbigniew Chrzanowski, did not want to say how
much of this debt will be covered by the agreement, he only said that zl. 60
million due to bank Pekao SA is covered by a mortgage worth zl. 55 million,
however Pekao SA can still take part in proceedings with debtors. Apexim has
proposed that one way creditors can recover their money is by converting it
into shares, or alternatively by part cancellation and part payment of
outstanding debts. Apexim hopes that its creditors will accept the first
solution. (Puls Biznesu, p. 3) A.D.
