As reported in PrintWeek, after filing for bankruptcy at the end of last month, Highcon Systems is officially up for sale. Temporary trustees Ronen Matry and Omer Serviansky launched a formal sale process with an open invitation to submit offers for the Israel-headquartered company and its assets or to invest in the business. An online data room has been established containing information about Highcon and its main assets. Access is available until 27 April, subject to the signing of a non-disclosure agreement and a non-refundable payment of NIS1,000 (£206). Formal offers must be submitted to the trustees by 2 pm Israel time on Sunday, 27 April.
The timeline could be postponed if the trustees deem that necessary, while decisions about whether or not to accept any offer will also be made at the trustees' discretion. The sale will be subject to the approval of the District Court in Lod, Israel.
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