This move comes as a consequence of a prior decision of its shareholders who decided, at the December general meeting, to wind up the company. The process of winding-up began on the January 1, 2016 and the request for formal delisting regarding the company’s shares was made five days later.
According to the local media, the company submitted an application for bankruptcy a few months ago as a result of its problems with liquidity, subcontractors and heavy penalties that altogether forced it into a bankruptcy arrangement.
Synergon, which was first listed on the Hungarian Stock Exchange in 1999, was one of the most senior IT companies on the domestic market hiring around 300 people and offering systems integration and IT outsourcing solutions for large enterprises and across the public sector.