Construction firm Howell to drop out of the WSE

Yesterday the October 5 court verdict of bankruptcy came into effect, and the stock price dropped 35%. Nevertheless, there are still investors who want to buy shares in the company. Over 1 million shares changed hands, which is nearly 15% of the company's capital. Howell's problems began in 2001, when it began an argument with the tax office over VAT. The management board's development plans failed and they were later forced to submit a bankruptcy motion. At the end of Q2 2004 Howell's liabilities amounted to zł.47 million. (Parkiet, p. 5) A.F.