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Singulus Technologies AG
Capital/Financing Update • Dec 30, 2024
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Capital/Financing Update
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Ad-hoc | 30 December 2024 21:01
SINGULUS TECHNOLOGIES reorganizes Financing Structure
SINGULUS TECHNOLOGIES AG / Key word(s): Financing/Agreement
SINGULUS TECHNOLOGIES reorganizes Financing Structure
30-Dec-2024 / 21:01 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group.
The issuer is solely responsible for the content of this announcement.
Publication of inside information pursuant to Article 17 MAR
SINGULUS TECHNOLOGIES reorganizes Financing Structure
Kahl am Main, December 30, 2024 – SINGULUS TECHNOLOGIES was able to reorganize the financing structure with its largest shareholder, Triumph Science & Technology Group Co. Ltd., Beijing, China (“Triumph”), a subsidiary of CNBM Group, Beijing, China. Triumph had provided SINGULUS TECHNOLOGIES with financing of € 20.0 million in fiscal year 2023.
SINGULUS TECHNOLOGIES and Triumph have now agreed to offset € 10.3 million of SINGULUS TECHNOLOGIES’ existing trade receivables against the outstanding liabilities from this financing. The two parties reclassified the remaining
€ 9.7 million liabilities under this financing as advance payments on existing contracts for the manufacture and delivery of equipment. This means that the obligation to repay the financing in the amount of € 20.0 million no longer applies.
TECHNOLOGIES AG, Hanauer Landstraße 103,
D-63796 Kahl/Main, WKN A2AA5H / ISIN DE000A2AA5H5
Contact:
Maren Schuster, Investor Relations, Tel.: + 49 (0) 160 9609 0279
Bernhard Krause, Unternehmenssprecher, Tel.: +49 (0) 172 833 2224
End of Inside Information
30-Dec-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| Language: | English |
| Company: | SINGULUS TECHNOLOGIES AG |
| Hanauer Landstrasse 103 | |
| 63796 Kahl am Main | |
| Germany | |
| Phone: | +49 (0)1709202924 |
| Fax: | +49 (0)6188 440-110 |
| E-mail: | [email protected] |
| Internet: | www.singulus.de |
| ISIN: | DE000A1681X5, DE000A2AA5H5 |
| WKN: | A1681X, A2AA5H |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2059295 |
| End of Announcement | EQS News Service |