WP expands to become a financial intermediary

TP Internet, holding an 80% stake in the firm, voted in favor of the change, while the remaining shareholders abstained from voting. The majority owner justified its decision by arguing that WP will soon lose its Internet portal and thus it would be unable to carry out its core business activity due to bankruptcy proceedings. The eventual new owners of the enterprise will not take over the whole concern, but only its most attractive asset, namely the Internet portal. The portal is in a good financial condition, as it is not only servicing its current liabilities, but also developing and introducing new services. (Parkiet, p. 4) M.M.