|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.0028 - 0.0028|
|52 Week Range||0.0025 - 0.0500|
|Beta (3Y Monthly)||1.34|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
SunVesta, Inc. (OTC Pink: SVSA) (the “Company”) announced that the special meeting of its shareholders held on May 14, 2019 approved the sale of the Company’s wholly-owned subsidiary, SunVesta Holding AG, to Aires International Investment Inc. and the subsequent dissolution of the Company. The closing of the sale of SunVesta Holding AG took place on May 14, 2019. At the closing, Humberto Pacheco-Alpízar and Dr. Max Rössler resigned as directors of the Company and Andrea Beck resigned as Secretary of the Company.
SunVesta, Inc. (OTC Pink: SVSA) (the “Company”) announced that its board of directors has approved the sale of its wholly-owned subsidiary, SunVesta Holding AG, to Aires International Investment Inc., the Company’s principal creditor. The board also approved the subsequent dissolution of the Company. The sale of SunVesta Holding AG and the Company’s dissolution require shareholder approval.
The Board of Directors (the “Board”) of SunVesta, Inc. (“SVI”) (OTC Pink: SVSA) elected two independent directors, Gabriel Margent and Alex Rosenzweig (biographies below), to fill vacancies on the Board created by the resignations of two previous directors. The Board also formed a special committee of independent directors, consisting of the newly elected directors, to evaluate one or more strategic actions in light of SVI’s approximately forty-five million Swiss francs in debt on an unconsolidated basis and the additional efforts required to complete the hotel project in Costa Rica managed by SVI’s wholly-owned subsidiary, SunVesta Holding AG.