SGM announces restructure with new investment
- Details
"To maintain SGM as the absolute leader of intelligent LED light, further investments were needed. After a period of disagreement between shareholders about the future capital structure, the board of directors had no other option than to apply for a proceeding aiming to restructure the company. On 9 November at 18:00, SGM was completely re-established with its new shareholder and capital. The management ascertains that SGM will continue as before without any changes - and stronger than ever."
The company says that all elements of its business remain unchanged, and that the en