FormerXBC Inc XEBEQ

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Xebec Adsorption Inc designs, engineers, and manufactures products that are used for purification, separation, dehydration, and filtration equipment for gases and compressed air. The company operates in three reportable segments: Systems, Corporate and other, and Support. Its product lines are natural gas dryers for natural gas refueling stations, compressed gas filtration, biogas purification, associated gas, engineering services, and air dryers. The company's geographical segments are United States, Canada, China, Other, Korea, Italy, and France.

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FormerXBC Inc > did share holders get any cash back out of all of this?

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Comment by chiefdaleon Feb 15, 2023 12:52pm

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Post# 35287748

RE:did share holders get any cash back out of all of this?

Will see and the next comming weeks. In the sixth report, they mention with those divisions sales going on, the cash will be kept in trust by the Monitors Deloitte until a subsequent order from the court.

Will soon be fixed by how much will be left after as the mention in the report "which is expected to provide for payments or holdbacks in favour of the beneficiaries of the CCAA charges pursuant...etc"

And with Xebec inc. being sold (assets and intellectual proprieties) what will be left of the the entire group??

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