The Moscow Arbitration Court did not accept the bankruptcy petition of SPB Exchange and returned it. Previously, the exchange itself reported that it had not presented such documents to the court. Following the news of the site’s possible bankruptcy, its shares fell more than 30%, but later recovered the fall.
The Moscow Arbitration Court did not accept the bankruptcy application of St. Petersburg Exchange PJSC and returned it. The court’s press service informed RIA Novosti about this.
The court message states that the bankruptcy application of PJSC SPB Exchange was received through the court office. However, the exchange itself, immediately after reports of its bankruptcy surfaced, claimed that it had not filed bankruptcy documents.
“SPB Exchange did not declare bankruptcy. The reports regarding this are not true,” the exchange said in a statement.
SPB Exchange subsequently announced that it would contact law enforcement authorities and launch an investigation into the document forgery case.
Reports about a possible bankruptcy of SPB Exchange caused its shares on the Moscow Stock Exchange to plummet by more than 30%, but the fall was recovered during the trading day. According to current data at the time of this publication, the stock is trading down 9.5%.
Author:
Kirill Bilyk
Source: RB
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