Valoe Has Been Filed for Bankruptcy on a Disputed Claim
Valoe Corporation Stock Exchange Release 5 September 2024 at 17.25 Finnish time
Senior Vice President for Valoe Corporation’s (the “Company”) solar cell business in Lithuania, Mr. Jose Basso, has filed for the Company's bankruptcy. The application relates to claims arising from an agreement between the Company and Mr. Basso, with the claim amount being approximately EUR 60,000. The claims are disputed and Valoe intends to oppose the application. The agreement between the parties has been terminated on 31 May 2024.
In Mikkeli 5 September 2024
Valoe Corporation
Board of Directors
For more information:
Iikka Savisalo, President and CEO, Valoe Corporation
Tel. +358 40 521 6082
email: iikka.savisalo@valoe.com
Distribution:
NASDAQ OMX, Helsinki
Main media
www.valoe.com
Valoe Corporation designs, manufacturers, and sells solar power application projects, especially for vehicles and electronics. Valoe’s applications are based on the company’s own back contact technology and IBC solar cells manufactured at the Company’s cell factory in Lithuania. Valoe is headquartered in Mikkeli, Finland, with production facilities in Juva, Finland, and Vilnius, Lithuania.
