February 9 (SeeNews) - A court in Bosnia and Herzegovina's Istocno Sarajevo has launched bankruptcy proceedings against the local unit of Qatar's construction materials producer Hamdo Group, local media reported.
Local wood factory Nova Romanija has asked for bankruptcy proceedings against Hamdo Group, referencing an unpaid debt amounting to 331,936 marka ($182,857/169,716 euro), news provider Capital reported on Thursday.
Some Hamdo Group employees joined Nova Romanija's court request, citing unpaid wages and contributions as the reason for their involvement, the report reads.
(1 euro = 1.956 marka)