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Goodtech Solutions AB Declared Insolvent, Financial Implications for Goodtech ASA

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Goodtech Solutions AB Declared Insolvent, Financial Implications for Goodtech ASA

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The latest announcement is out from Goodtech ASA Class A ( (DE:6FO) ).

Goodtech Solutions AB has been declared insolvent, leading to a 10 million SEK draw on an advance payment guarantee, which will be reported under discontinued operations in Goodtech ASA’s Q1 results. The company is currently assessing the legal implications of this draw, with two remaining bank guarantees totaling 7 million SEK set to expire later in the year.

More about Goodtech ASA Class A

YTD Price Performance: -7.76%

Technical Sentiment Signal: Buy

Current Market Cap: €22.67M

See more insights into 6FO stock on TipRanks’ Stock Analysis page.

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