4M Technologies fails to convince financial backers
The manufacturer of equipment for the CD and DVD industries, 4M Technologies said on Wednesday that financing talks with banks had not succeeded. The company has asked the Swiss Stock Exchange to suspend trading in its shares for two days.
The firm said the search for new investors had also failed. It added that the board of directors was examining measures to address the situation.
4M Technologies, based in Yverdon-les-Bains in canton Vaud, announced at the end of June that it was facing serious financial difficulties. Production has been delayed as a result.
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