The firm stopped publishing its information after it requested a commercial bankruptcy process in August 2017 to be able to renegotiate pending payments of around 66,000 million pesos with its creditors. Despite this, the company never ceased to be active. Barely seven months after declaring default, the company came out of bankruptcy with an agreement for a 90.9% haircut for creditors.
In the statement sent to the BMV, the firm explains that a favorable vote of 95.47% of all the company’s shareholders was registered in the assembly for the cancellation of the registration in the National Securities Registry (RNV) in charge of the National Banking and Securities Commission (CNBV), of all the shares issued and outstanding, that is, the amount of 58,658.8 million shares representing 100% of the subscribed, paid and outstanding capital stock.
The company indicated that the acquisition would be made by the Trust of the shares at a recommended price of 0.0007524 pesos per share and will be paid only to shareholders who have full title, unless, where appropriate, the Board of Directors or the Transition Committee so define.
At the meeting, the shareholders also approved the change of company name to Inanis Sociedad.