ECM Real Estate Investments A.G. is bankrupted real estate developer based in Luxembourg, that was active mostly in Czech Republic, but also in China, Poland or Russia.
| Founded | 1998  |
|---|---|
| Headquarters | , Luxembourg |
Company was founded in 1991 by Michal Janků,[1][2] he is now still its CEO and through ECM Group N.V. largest shareholder (77%) of the company.[3] Company owned inter alia two tallest buildings in the Czech Republic - City Tower and City Empiria. In 2006 company went on IPO on Prague Stock Exchange[4] with price per stock 1,318 CZK (47 EUR), getting market capitalization 262.7 mil. EUR[5] Stocks became part of PX Index and eventually reached price 2,000 CZK per share.
Mainly as result of the Great Recession, the company went bankrupt in May 2011[6] and went into liquidation in July 2011.[4] In 2012 liquidation was changed to reorganization,[7] but reverted to liquidation in February 2013.[1]
Before its bankruptcy, ECM was involved in the development of V Tower in Prague.[8]
Financial data
edit| Year-end | 2005[9] | 2006[9] | 2007[9] | 2008[9] | 2009[3] | 2010[3] | 2011[10] |
|---|---|---|---|---|---|---|---|
| Total revenue | 2,136 | 8,315 | 19,339 | 35,793 | 36,851 | 27,039 | 12,046 |
| Net income | 20,710 | 18,955 | 25,564 | -92,107 | -60,820 | -95,598 | -63,848 |
| Total assets | 65,000 | 228,407 | 562,966 | 677,924 | 341,690 | 156,209 | 105,964 |
References
edit- ^ a b Prague Monitor: Prague court declares developer ECM bankrupt
- ^ Gallistl, Vladan (2011-06-10). "ECM Group Milana Janků prodává akcie developerské ECM". TÝDEN.cz (in Czech). Retrieved 2022-03-28.
- ^ a b c ECM 2010 Annual Report[permanent dead link]
- ^ a b Menzelová, Kateřina (2011-07-21). "ECM heads for bankruptcy as int'l investors fight move". Lidovky.cz. Retrieved 2022-03-28.
- ^ "Byznys, politika, ekonomika, finance, události - E15.cz". www.e15.cz (in Czech). Retrieved 2022-03-28.
- ^ Detail insolvenčního řízení ECM REAL ESTATE INVESTMENTS A.G.
- ^ https://isir.justice.cz/isir/doc/dokument.PDF?id=3960489 [bare URL PDF]
- ^ "V Praze roste luxusní mrakodrap, byt v oblacích vyjde na sto milionů". Mladá fronta DNES (in Czech). iDnes. 9 September 2015. Retrieved 9 September 2015.
- ^ a b c d "ECM 2008 Annual Report" (PDF). Archived from the original (PDF) on 2012-04-25. Retrieved 2011-10-28.
- ^ "ECM 2011 Annual Report" (PDF). Archived from the original (PDF) on 2013-12-29. Retrieved 2013-03-22.
- ^ ghemassageKLC