Orphanides: Information in relation to press reports
12/12/2012 9:54
Further to reports in the electronic and printed press in the past few days on issues concerning the Company, Orphanides Public Company Ltd would like to inform the investing public that:
1. The Company’s Management is in contact with the banks and the suppliers to secure the interests of all parties. At its meetings with the banks and the suppliers, the Company promotes all arguments deemed necessary for the protection of its interests and the interests of its partners.
2. With regard to the gathering of the suppliers at the Hilton Hotel on December 11, according to a report in the electronic press, the Company has nothing to do with it and according to information, the meeting was an initiative of third parties that are not related to the Company.
3. As it was recently announced by the Company on its business plan, which has been approved by Cyprus Popular Bank and bank of Cyprus, the Company has identified a number of inactive and other properties, which will be sold in order to reduce its lending, to strengthen its liquidity and to reduce its debts to creditors.
4. The reference in the electronic press that “it seems that the possibility of selling the Company is open” is an estimate of the author and the Company makes no comment.
1. The Company’s Management is in contact with the banks and the suppliers to secure the interests of all parties. At its meetings with the banks and the suppliers, the Company promotes all arguments deemed necessary for the protection of its interests and the interests of its partners.
2. With regard to the gathering of the suppliers at the Hilton Hotel on December 11, according to a report in the electronic press, the Company has nothing to do with it and according to information, the meeting was an initiative of third parties that are not related to the Company.
3. As it was recently announced by the Company on its business plan, which has been approved by Cyprus Popular Bank and bank of Cyprus, the Company has identified a number of inactive and other properties, which will be sold in order to reduce its lending, to strengthen its liquidity and to reduce its debts to creditors.
4. The reference in the electronic press that “it seems that the possibility of selling the Company is open” is an estimate of the author and the Company makes no comment.
