Saturday , June 10 2023

Shareholders of GEO House dissolve the company; confirm bankruptcy


Ordinary and Extraordinary General Meeting of Shareholders in Bucharest GEO Corporation ordered the dissolution and liquidation of that company in order to benefit from creditors and shareholders.

In the information sent to Mexican Stock Exchange (BMV) the company reported the above, by virtue of which the money available from the company to continue its business and to fulfill its obligations are insufficient.

In addition to the Company's inability to generate new businesses that allow it to meet the company's goals and business plan, along with the fact that it was not possible generating cash and / or attracting sufficient resources.

This, in order to fulfill its corporate objective, consisting mainly in the construction, development and commercial exploitation of the enterprise estate.

Thus, the Assembly ordered the dissolution and liquidation of the Company "in order to find for the purposes described above the entry into operation of a liquidator with experience in such missions".

So he called it Daniel Tapia Izquierdo as liquidator of the Company, to whom he has been given the power to perform any action and deed permitted by applicable law, convenient or necessary to obtain an orderly liquidation of the Company.

The liquidator will replace the members of the Board of Directors, members of the Audit Committee and Corporate Practices, the Secretary, the Managing Director and other relevant Directors of the Company in the performance of their duties, once appointed, the liquidator is registered Public Trade Register.


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