CECO Too Undertakes Balance Sheet Repair

In its agenda for its EGM scheduled for December 9th, Camillo Eitzen & Co. ASA, has outlined the steps the shareholders have to approve in order for the company to move forward with a rights issue or the conversion of debt into equity. While the company has sufficient liquidity, if the market value of the company’s remaining shareholding in Eitzen Chemcial, Eitzen Maritime Services and Solvang are included, the equity is lost.

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