Semodu AG: SEMODU AG files for self-administration insolvency proceedings

Munich | Grossbottwar (pta036/31.07.2024/21:00) - SEMODU AG, a leading company in the field of sustainable and modular project development and consulting, announces that it has filed for insolvency proceedings under self-administration.

This means that the company will continue to be managed independently and is actively working on a restructuring plan to secure its future.

SEMODU AG is currently facing a complex and challenging financial environment. The real estate market is currently experiencing a market failure, with almost no transactions possible on both the sales side and in the area of project financing. This is due to the current market situation, characterized by rising inflation, increased construction costs and overall economic uncertainty. SEMODU AG is facing significant financial challenges.

To secure the future of the company and ensure the continuation of its business operations, the management has decided to initiate insolvency proceedings under self-administration.

The holdings of SEMODU AG are not directly affected by this step at this time.

SEMODU AG is confident that the company, through the implementation of a restructuring plan currently being developed, will be able to stabilize its financial situation and remain successful in the market in the long term. The restructuring plan includes the active search for strategic investors who will support the company in its further development. Initial talks with potential investors have already been successfully conducted.

SEMODU AG is one of the few companies in Europe that specializes in the planning, development and implementation of modular construction projects without being a module manufacturer itself. This comprehensive modular construction expertise, combined with its long-standing experience in the field of sustainable project development, makes SEMODU AG an attractive partner for investors who want to participate in the future of modular construction.

The restructuring plan will include measures to optimize project development, increase efficiency and secure financing. The aim of the restructuring is to develop SEMODU AG into an even stronger company in the field of sustainable and modular project development.

The Munich Stock Exchange has suspended the price determination of the share pursuant to § 41 (1) No. 1 of the Munich Stock Exchange Rules until further notice.

Further information will be published in due course on the SEMODU AG website https://semodu.com/.

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