The manager of the Enjoy group, Rodrigo Larraín, reported on Friday (24) that the firm has decided to close its facilities indefinitely and is taking steps to avoid bankruptcy.
Through an essential fact sent to the Chilean Commission for the Financial Market (CMF), it was reported that the decision “was made based on the current financial situation of the company, the expected flows for the coming months and the payment situation for with the creditors of the company.”
In this way, the company’s board agreed to initiate a judicial reorganization process in accordance with the Companies Reorganization and Liquidation Law.
At the same time, the shareholders' meeting that was set for this Friday (24) was suspended, in which a capital increase of US$ 150 million would be voted, in order to add resources to the company to face its financial situation.
The text details that, due to the COVID-19 pandemic, the group's facilities have been closed since March 18 at the instruction of Chile’ Superintendence of Gambling Casinos.
“All this imposes that the company is not receiving income. In addition to the above, the effects generated by the social outbreak that occurred in our country as of October 18, 2019, with the tourism, hospitality, gastronomy and gaming casino industries being among the most affected categories and at the national level,” the company stated.
Source: GMB / CNN Chile
