Request to terminate reconstruction withdrawn *Updated

The court issued a press release today stating that Guy Lofalk has withdrawn his petition to end the reconstruction phase. The scheduled meeting with the creditors October 31st 10am will be held.

“(…)Pang Da and Youngman will finance the reconstruction as well as the business plan.” writes Guy Lofalk. “(…)this must be looked into before making a decision to terminate the reconstruction”

From TimR:
Yesterday evening, news reached SU from a secure source that the sales price is supposed to be 100 million euros for 100% of the company. The request from Lofalk confirms this development.

robban
Member

VERY good news. Keep calm and carry on.

ng
Member

+1

martinsaab
Member

*thumbs up*

TurboLover
Member

Here is the document at the district court:

http://www.vanersborgstingsratt.domstol.se/Domstolar/vanersborgstingsratt/avd.1/Saab/%c3%84%205688-11/5688-11%20mfl%20%c3%a5terkallelse.pdf

I am gonna have my NG9-5SC yehaaaaaaaaa!!

Saab up forever!!!

Coke is it
Member

I’m also going to have my 9-5 SC! 🙂

jouni72
Member

me too…!

SpinM
Member

Yes! 🙂 I hope this means that things are finally unfolding. The sooner this uncertainty ends, the better. Saab needs to fight bimers, not liquidity.

TurboLamko
Member

As our good friend Swade told us to do is to keep calm and carry on! Guess he was right 😀

saabsideways
Member

That’s not much money at all, £90 million uk, last months Euro Millions winner could have bought it twice, maybe a new 9-5 SW (or SC as everyone else calls them) is safe after all, but the minute I see the Chinafication of the business/production/design my money is going elsewhere.

TurboLover
Member

…and the Chinese know it… so… Keep Calm and Carry on

skwdenyer
Member

But the Chinese also know that not enough people around the world wanted a “Saab” Saab. Hopefully, at the very least, the Castriota 9-3 will see the light of day, even if future products are not so focussed on the historical core values.

TurboLover
Member

From the press release
“An important consideration for Swan to enter into the transaction is the commitment of Pang Da and Youngman to provide long term funding to Saab Automobile.”

We all know who we should thank for that!

Peter, Sweden
Member

Definitely, VM is quite the hero 🙂 Fingers crossed that it indeed is “long term funding to Saab Automobile in Trollhättan“.

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