Quantum Blockchain Technologies plc: Sipiem Funds Recovery Under Court Supervision

Quantum Blockchain Technologies plc (AIM: QBT) has provided an update regarding ongoing efforts to recover funds related to Sipiem. The company's wholly owned subsidiary, Clear Leisure 2017 Limited (CL2017), is continuing legal actions based on a judgment obtained against Sipiem in Liquidazione S.r.l.

According to the announcement, CL2017 is involved in a court-supervised liquidation process concerning Sipiem. This follows a prior legal resolution against the Sipiem entity. The company anticipates making significant progress in the recovery of assets through this process.

The recovery efforts are linked to judicial follow-up actions targeting Sipiem in Liquidazione S.r.l. The objective is to enforce the judgment and reclaim the company's assets. No further details regarding the status of the court-supervised liquidation or the timeline for recovery have been disclosed.

Quantum Blockchain Technologies plc, listed on AIM, operates as an investment company. Its pursuit of Sipiem fund recovery is part of its broader strategy to secure and enhance the value of its investments.