YA Holding’s subsidiary YrkesAkademin AB has financial difficulties, previous estimates of financial performance no longer relevant and estimates for the group’s financial performances disclosed
The board in YA Holding AB (publ) (“YA Holding” or the “Company”) announces that its wholly owned subsidiary YrkesAkademin AB has financial difficulties and explores the possibility to apply for insolvency proceedings in YrkesAkademin AB, primarily company reconstruction.YrkesAkademin AB’s operations and results have not progressed as expected during the summer as a result of reduced revenues due to that the number of students enrolled has been significantly lower than expected, combined with higher operational costs, which has led to a liquidity shortage in YrkesAkademin AB. This has in