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HOCN AG Faces Restructuring and Merger Proposal Amid Over-Indebtedness

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HOCN AG Faces Restructuring and Merger Proposal Amid Over-Indebtedness

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HOCHDORF Holding AG ( (CH:HOCN) ) has provided an update.

HOCN AG has published its 2024 Annual Report following the sale of its subsidiary, HOCHDORF Swiss Nutrition AG, which has led to the company being over-indebted and in a moratorium. The Board of Directors supports a shareholder group’s proposal to restructure and merge with a successful company, aiming to provide an alternative to the current moratorium proceedings, which will be voted on at the upcoming General Meeting.

More about HOCHDORF Holding AG

HOCN AG, formerly known as HOCHDORF Holding AG, operates in the nutrition industry. The company was involved in the production and sale of nutrition products through its subsidiary HOCHDORF Swiss Nutrition AG, which has now been sold, allowing it to continue its operations independently.

Technical Sentiment Signal: Buy

Current Market Cap: €3.23M

Find detailed analytics on HOCN stock on TipRanks’ Stock Analysis page.

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