December 28 (SeeNews) - North Macedonia-based wine maker Skovin [MSE:SKOV] said on Tuesday its board of directors has decided to submit a proposal to a local court to enter a bankruptcy procedure.
Skovin's board of directors proposed opening a bankruptcy procedure because a bank account of the company has been blocked for more than 45 days, the company said in a bourse filing.
Skovin booked a net loss of 732,000 denars ($13,400/11,900 euro) in the first nine months of 2021, compared to a net loss of 32.9 million denars in the same period a year earlier.
The company's shares last traded on the Macedonian Stock Exchange (MSE) on September 13, at an average price of 18 denars.
Skovin is a unit of North Macedonia-based forwarding company Fersped [MSE:FERS].
(1 euro = 61.60 denars)