MQA Enters Into Administration

MQA HAS UNDERGONE A RESTRUCTURING INITIATIVE, WHICH INCLUDES ENTERING INTO ADMINISTRATION

The following is a statement that we have just received from MQA’s press office.

“Following the recent positive reception to MQA’s latest technology (SCL6), there has been increased international interest in buying MQA Ltd. At the same time, MQA’s main financial backer is seeking an exit. In order to be in the best position to pursue market opportunities and expedite this process, the company has undergone a restructuring initiative, which includes entering into administration and is comparable to Chapter 11 in the US.

During this process, MQA continues to trade as usual alongside its partners. We won’t be commenting further while negotiations take place”.

HiFi Pig Says: We will of course bring you more news as we receive it.