On 07.04.2025, MFG Invest AD received a payment from Qcommerce LTD, Cyprus in the amount of 8978.98 euros. The amount was paid after the company decided to reduce its capital.
The company Qcommerce LTD was developing an online platform for the delivery of food products within 2 hours of the order under the POP Market brand. At the end of 2023, the company decided to cease its activities and sell off its assets, with the team planning to start a new business with the remaining capital.
MFG Invest AD fully depreciated its investment in POP Market at the end of 2023. In 2024, a decision was made to liquidate the company, and at the beginning of 2025, the general meeting decided to reduce the capital and pay it proportionally to the shareholders. Liquidation proceedings are pending, and after this procedure, we expect to receive an additional amount of up to 2,000 euros.