Post by tasdom on Apr 6, 2023 17:07:14 GMT -5
www.whathifi.com/news/mqa-is-going-into-administration
The full statement from MQA reads as follows:
"Following the recent positive reception to MQA’s latest technology (SCL6), there has been increased international interest in buying MQA Ltd. At the same time, MQA’s main financial backer is seeking an exit. In order to be in the best position to pursue market opportunities and expedite this process, the company has undergone a restructuring initiative, which includes entering into administration and is comparable to Chapter 11 in the US.
"During this process, MQA continues to trade as usual alongside its partners.
"We won't be commenting further while negotiations take place."
The full statement from MQA reads as follows:
"Following the recent positive reception to MQA’s latest technology (SCL6), there has been increased international interest in buying MQA Ltd. At the same time, MQA’s main financial backer is seeking an exit. In order to be in the best position to pursue market opportunities and expedite this process, the company has undergone a restructuring initiative, which includes entering into administration and is comparable to Chapter 11 in the US.
"During this process, MQA continues to trade as usual alongside its partners.
"We won't be commenting further while negotiations take place."
