Harju County Court approved the restructuring plan of ELMO Rent AS
On February 20, 2024, Elmo Rent AS’s restructuring plan, approved by creditors, was submitted to Harju County Court on February 26, 2024, and confirmed with a date of June 18, 2024 (See https://www.ametlikudteadaanded.ee/ee/Harju%20Maakohus%20Tallinna%20kohtumaja/saneerimismenetluse-teated/saneerimiskava-kinnitamise-teade/2024/6/18/2270410).
The goal of Elmo Rent AS’s restructuring process is to overcome temporary financial difficulties by implementing various measures to support the short-term rental business line, find business partners, and continue developing advanced technology at its subsidiary, Elmo Remote OÜ, with the aim of attracting new investors.
From the perspective of Elmo Rent AS shareholders, total claims will be reduced by €727,052.28 (including the write-off of subsidiary company claims totaling €283,792.41).
Additional Information:
Priit Haljak
Email: info@elmorent.ee
Andres Juhkam
Restructuring Advisor
Email: andres.juhkam@oasiscapital.ee
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