YOC AG to receive EUR 1.4 million in loan financing
Berlin, 14 January 2014, 11:20
YOC AG (Frankfurt, Prime Standard, ISIN DE0005932735) announces it has signed loan contracts with shareholders in the company.
Under the debt financing arrangement, the company will receive a total of EUR 1.4 mil-lion in several instalments.
While the restructuring measures that have been initiated are aimed primarily at bringing about significant improvement in profitability and optimizing the product development process, the present loan financing represents the first element in a long-term corporate financing plan. This obviates any need for an increase in share capital in the short term.
“We thank the shareholders involved for their support as we implement our restructuring plan,” said Dirk Kraus, CEO of YOC AG.