Crunch time for Ebusco as the Board implements its turnaround strategy
By Luke Willetts - 13th November 2024
Netherlands – With the cash flow compromising the future livelihood of the business, the Board of the Dutch electric bus builder Ebusco Holding NV has implemented its turnaround strategy designed to improve its financial performance and operational reliability. These include ratifying the decision to appoint Christian Schreyer as its new CEO. The company will also consolidate its shares, merging five existing shares into one. Essentially the number of shares outstanding changes from 73,088,382 to 14,617,676. This consolidation aims to stabilise the stock price and improve trading liquidity.
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