Megadex must find zł.28 million or face closure

At the next shareholders meeting scheduled for October 22, participants will have to choose between these two options. Should they opt for capitalization, at least zł.28 million will have to be raised. The company faces difficulties as it is currently involved in a legal quarrel with the Treasury Ministry over a zł.53 million debt, almost twice the amount of Megadex's share capital. "We are going to win the court case, but we are not sure how long this will take. However, the fact we have not yet paid our tax liabilities makes continuing our operations impossible," said Tomasz Holc, Megadex's president. Since 2000, the company that specializes in conducting investments in power plants has been involved in building the Pątnów II power plant, but banks financing the enterprise lost confidence in Megadex and demanded that it withdrew as the project developer. (Puls Biznesu, p. 9) D.W.