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Another listed firm in Sweden goes bankrupt as the economic crisis keeps biting

Tuesday, 24 July 2012
Telecommunications Company, One Media, which is listed on the Stockholm Stock Market, via Aktietorget, was on Tuesday reported to be heading into bankruptcy.

The share of the company was halted from trading and will be delisted from Aktietorget after market close on Tuesday. The company has previously stated that it has about 600 shareholders.

This means that this summer's dismal trend in the market place took its toll on the company just as last week saw car dealership company Cheek Walls Car, file for bankruptcy petition.

In June, the firm RFID developer, Scirocco and retail sales company Brand World also went down in bankruptcy.
by Team

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