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Even as penny stock Ascendis heads towards some sort of resolution after a massive debt crisis forced the company to dispose of its best assets in recent months, shareholders are vying to control the direction in which the company is headed. Even as penny stock Ascendis heads towards some sort...
After settling its R550 million debt, Ascendis will be left with R200 million in cash that it will use to rebuild itself.
The Central European country has attracted much property and retail investment but notable challenges remain.
Ascendis Health's hastily reinstated AGM on Monday may have been a costly mistake for the wellness company, after it effectively triggered the cancellation of an agreement it had made with its lenders.
Ascendis Health has had a tough two years, during which it battled a R7.7 billion mountain of debt and saw its share price plunge by more than 36%.