🔸 The last large textile factory in Naoussa, Imathia, called "Varvaresos S.A." is closing down down, ending employment for around 130 families directly and will also soon affect local markets negatively
🔸 The employers announced on 29/04 that an investor that was planning to take over the company withdrew his offer and therefore the company will be closing down and workers laid off
/GBG/
🟢 Sadly the closing down of local industry is something that has been happening in Greece for a long time, making the country weaker and more dependent not only on EU subsidies but also on tourism and other volatile markets
🟢‼️ This is the the 11th factory to close down under the ND (party) government
🔸 The last large textile factory in Naoussa, Imathia, called "Varvaresos S.A." is closing down down, ending employment for around 130 families directly and will also soon affect local markets negatively
🔸 The employers announced on 29/04 that an investor that was planning to take over the company withdrew his offer and therefore the company will be closing down and workers laid off
/GBG/
🟢 Sadly the closing down of local industry is something that has been happening in Greece for a long time, making the country weaker and more dependent not only on EU subsidies but also on tourism and other volatile markets
🟢‼️ This is the the 11th factory to close down under the ND (party) government
The STAR Market, as is implied by the name, is heavily geared toward smaller innovative tech companies, in particular those engaged in strategically important fields, such as biopharmaceuticals, 5G technology, semiconductors, and new energy. The STAR Market currently has 340 listed securities. The STAR Market is seen as important for China’s high-tech and emerging industries, providing a space for smaller companies to raise capital in China. This is especially significant for technology companies that may be viewed with suspicion on overseas stock exchanges.
However, analysts are positive on the stock now. “We have seen a huge downside movement in the stock due to the central electricity regulatory commission’s (CERC) order that seems to be negative from 2014-15 onwards but we cannot take a linear negative view on the stock and further downside movement on the stock is unlikely. Currently stock is underpriced. Investors can bet on it for a longer horizon," said Vivek Gupta, director research at CapitalVia Global Research.
