Mango went bankrupt

Export company of fruits and vegetables on the Russian market, Mango was founded in 2000.

Listed on the stock exchange since 2006, the company has experienced setbacks and then was placed under judicial proceedings in February 2013, for a debt of 38.3 million Turkish liras. The company is selling the citrus packing plant in Adana, and the factories located in Istanbul.

However, in a press conference, Mango declared that the decision of the court of bankruptcy has been postponed under certain conditions, so that the company can continue its operations and pay creditors. 

Source: borsagundem com