Zug, Switzerland, 8 March 2022 (pta/08.03.2022/18:00 UTC+1)
The Cantonal Court of Zug, Switzerland ruled that the extension of the definitive composition moratorium proceedings in respect of iQ International AG, Zug, Switzerland (the "Company") will be granted as requested. This extension of the proceedings will last until September 14, 2022. During the period of the definitive composition moratorium, the appointed commissioner will continue to monitor the Company's on-going plans of restructuring and the implementation thereof. The settlement of claims, the incurring of new liabilities and the sale of assets require the consent of the commissioner for the duration of the definitive composition proceedings.