Orisol

growth-negative

Orisol Original Solutions, a company based in Israel, is being offered to be acquired by a Hong Kong company for $1.2 million. The receiver of Orisol Original Solutions also received a lower-priced offer from a British company and has been in negotiations with Pou Yuan of Taiwan. The receiver has requested permission from the Tel Aviv District Court to take out bank credit and an expenses budget to safeguard the companys assets and prevent depreciation. The receiver argues that operating the company long-term would result in significant expenses and suggests selling its assets quickly. The companys employees have petitioned for the appointment of another receiver, claiming that Orisol Asia, a subsidiary of Orisol Original Solutions, owes the parent company money. The receiver opposes this, stating that it would burden the liquidation cash box and harm all the companys creditors.