Niutech Group AbNGM: NIUTEC

NIUTEC: Revenue down 40%, major subsidiaries bankrupt, group restructures for profitability

· Issued by Niutech Group Ab

Revenue fell 40% year-over-year to 54.5 MSEK, with a net loss of 26.6 MSEK and two key subsidiaries filing for bankruptcy. A fully subscribed rights issue and restructuring aim to restore profitability, focusing on digital infrastructure and solar energy.

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