Misen Group publishes the third quarter report including information about uncertainties regarding going concern
Misens auditors who reviewed the company's financial report for Q3 2016, make the following statement: “In the section “Group financial situation” it is described that the Joint Activity is subject to certain covenants related primarily to its borrowings. At 30 September 2016, the Joint Activity was in the breach of the financial covenants under its agreements with Sberbank Russia. The Joint Activity is currently negotiating a prolongation of the overdue credit line with the bank but the restructuring was not approved by the participants of the Joint Activity as of the date of this