After the tragedy MTK may go bankrupt, decision on February 10th

APA - Austria Presse Agentur
08-02-2006, 14:19

Warsaw (Puls Biznesu) – MTK, the operator of Katowice fairs, faces vital decision. Its shareholders will decide on February 10th whether to raise its capital.

Warsaw (Puls Biznesu) – MTK, the operator of Katowice fairs, faces vital decision. Its shareholders will decide on February 10th whether to raise its capital.

During the general shareholders’ meeting, the shareholders will decide over MTK’s future. MTK has had financial problems recently. One day before the tragedy, when the roof in its biggest hall collapsed killing 63 people, the management of MTK announced a GSM would take place.

“The program of the meeting provides for increasing the capital and its further existence. I hope that positive decisions will be made”, Grzegorz Slyszyk, MTK’s representative said.

MTK wanted to raise capital by PLN 1.9m because of its problems with tax authorities.

“The company did not pay VAT”, Grazyna Piechota, the spokeswoman of the tax authorities in Katowice said.

Moreover, the company needs cash to pay for reconstruction works in the collapsed hall. On February 1st, an extraordinary shareholders meeting was announced. Expocentres Eastern Europe (EEE) and IBC Investment, MTK’s main shareholders, decided to raise the capital by PLN 1.6m.

© ℗
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Podpis: APA - Austria Presse Agentur

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Inne / After the tragedy MTK may go bankrupt, decision on February 10th