J.L. de Ball Canada Inc.
J.L. de Ball Canada Inc.
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
——————————————————————————–
ANNOUNCEMENT under § 15 WpHG November 24, 2004
J.L. de Ball Canada Inc.
In the matter of the Proposal of J.L. de Ball Canada Inc. (the “Company”), on
November 18, 2004 the Superior Court of the District of Bedford, Québec,
approved two motions submitted by the Company’s Interim Receiver, RSM Richter
Inc, for the sale of its assets.
Accordingly, the Court has authorized:
1. The Interim Receiver to enter into an agreement for the sale of
substantially all of the Company’s Canadian assets, except for accounts
receivables;
2. The Interim Receiver to enter into an agreement for the sale of the
Company’s interest in its Chinese subsidiary company, Girmes Special Textiles
(Zhangjiagang) Co., Ltd..
Neither of the above transactions has yet been consummated and each is still
subject to the fulfillment of certain conditions.
Furthermore, in parallel to the above-mentioned sale of Canadian assets, the
Company has been notified that the secured lender financing the Company’s US-
subsidiary (Asheville Velour, Inc.) intends to sell at a private sale
substantially all of the assets owned by the U.S. subsidiary.
Inquiries:
Mr. Paul R. Flay, President and CEO of J.L. de Ball Canada Inc.
J.L. de Ball Canada Inc., 835 Boul. Industriel, Granby, Québec, J2J 1A5,
Canada
Phone: 001 450 378 7978 (direct dial 239)
Fax: 001 450 378 2263
end of ad-hoc-announcement (c)DGAP 24.11.2004
——————————————————————————–
WKN: 854511; ISIN: CAC294121008; Index:
Listed: Geregelter Markt in Düsseldorf; Freiverkehr in Frankfurt
241928 Nov 04
Aktuelle News
Aktuelle Berichte
Keine Berichte gefunden
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden