Misen Energy AB (publ) secures long-term financing of the Swedish operation, sells 8 % of the shares in subsidiary Misen Enterprises AB
Misen Energy AB (publ) has of today closed the sale of 8% of the shares and shares capital in it’s subsidiary Misen Enterprises AB to the Hong Kong based company Powerful United Limited (“PUL”). PUL is controlled indirectly by Misen Energy AB (publ) shareholder TCT Holdings AB (holding 11,41% of Misen Energy AB (publ) shares) that also has provided financing to Misen Energy AB (publ) in the past. The purchase sum amounts to 3 MEUR and was paid by PUL taking over Misen Energy AB (publ) existing debt plus cash payment amounting to 1,85 MEUR. As a result, Misen Energy AB (publ) became to be