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EMGS writes down $2.1m after its Mexican bank goes into liquidation

Oslo-listed Electromagnetic Geoservices (EMGS) said on Thursday it has around $2.1m frozen in Mexican bank Accendo Banco that is currently under liquidation after its banking license was revoked by the country’s regulators. The Trondheim-based seismic specialist said it expects to recover at least part of the amount in the form of dividends from the liquidation …

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Oslo-listed Electromagnetic Geoservices (EMGS) said on Thursday it has around $2.1m frozen in Mexican bank Accendo Banco that is currently under liquidation after its banking license was revoked by the country’s regulators. The Trondheim-based seismic specialist said it expects to recover at least part of the amount in the form of dividends from the liquidation …

[post_title] => EMGS writes down $2.1m after its Mexican bank goes into liquidation [post_excerpt] => Oslo-listed Electromagnetic Geoservices (EMGS) said on Thursday it has around $2.1m frozen in Mexican bank Accendo Banco that is currently under liquidation after its banking license was revoked by the country’s regulators. The Trondheim-based se... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => emgs-writes-down-2-1m-after-its-mexican-bank-goes-into-liquidation [to_ping] => [pinged] => [post_modified] => 2021-10-07 02:40:32 [post_modified_gmt] => 2021-10-07 02:40:32 [post_content_filtered] => [post_parent] => 0 [guid] => https://splash247.com/?p=152610 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )