Italian motorboat builder Aicon could be heading for collapse as its shares have been suspended from trading and its cash flow comes under pressure.
Aicon’s shares were suspended from the stock exchange on August 31. The shares had reportedly lost 97 per cent of their value since their launch in 2007.
The suspension comes as Aicon struggles for the liquidity needed to maintain operations.
Majority shareholder Lino Siclari had promised in July to make a