Comment on the Voluntary Purchase Offer of Schnigge Wertpapierhandelsbank AG to the Owners of the Bonds of the SINGULUS TECHNOLOGIES AG (DE000A1MASJ4)
The institutional investor is known to the company and intends to back the upcoming restructuring in a constructive way and in particular to actively support the planned debt-to-equity swap (exchange of bonds for shares).
The company has published the details yesterday and endorses the present buyer explicitly because it can facilitate the achievement of the required quorum of pending meeting of the noteholders.
SINGULUS TECHNOLOGIES AG
SINGULUS TECHNOLOGIES develops technologies for economical and resource-efficient production processes. The application areas include vacuum thin-film and plasma coating for wet-chemical processes as well as thermal process technologies.
SINGULUS TECHNOLOGIES taps new work areas and develops efficient solutions. For all processes and applications SINGULUS TECHNOLOGIES utilizes its know-how in the areas of automation and process technology in order to develop additional, attractive work areas with innovative products next to the existing application areas of Solar, Semiconductors and Optical Disc.