ECM Real Estate Investments A.G. is

bankrupted Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor ...

real estate developer Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others. ...

based in

Luxembourg Luxembourg ( ; lb, Lëtzebuerg ; french: link=no, Luxembourg; german: link=no, Luxemburg), officially the Grand Duchy of Luxembourg, ; french: link=no, Grand-Duché de Luxembourg ; german: link=no, Großherzogtum Luxemburg is a small land ...

, that was active mostly in

Czech Republic The Czech Republic, or simply Czechia, is a landlocked country in Central Europe. Historically known as Bohemia, it is bordered by Austria to the south, Germany to the west, Poland to the northeast, and Slovakia to the southeast. Th ...

, but also in China,

Poland Poland, officially the Republic of Poland, , is a country in Central Europe. Poland is divided into Voivodeships of Poland, sixteen voivodeships and is the fifth most populous member state of the European Union (EU), with over 38 mill ...

Russia Russia (, , ), or the Russian Federation, is a transcontinental country spanning Eastern Europe and Northern Asia. It is the largest country in the world, with its internationally recognised territory covering , and encompassing one-eigh ...

. Company was founded in 1991 by

Michal Janků Michal (; he, מיכל , gr, Μιχάλ) was, according to the first Book of Samuel, a princess of the United Kingdom of Israel; the younger daughter of King Saul, she was the first wife of David (), who later became king, first of Juda ...

, he is now still its

CEO A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especiall ...

and through ECM Group N.V. largest shareholder (77%) of the company.ECM 2010 Annual Report
/ref> Company owned inter alia two tallest buildings in the Czech Republic - City Tower and City Empiria. In 2006 company went on IPO on Prague Stock Exchange with price per stock 1,318 CZK (47 EUR), getting market capitalization 262.7 mil. EUR Stocks became part of PX Index and eventually reached price 2,000 CZK per share. Mainly as result of late-2000s financial crisis company went bankrupt in May 2011 and to

liquidation Liquidation is the process in accounting by which a company is brought to an end in Canada, United Kingdom, United States, Ireland, Australia, New Zealand, Italy, and many other countries. The assets and property of the company are redistr ...

since July 2011. In 2012 liquidation was changed to reorganization,https://isir.justice.cz/isir/doc/dokument.PDF?id=3960489 but reverted to liquidation in February 2013.Prague Monitor: Prague court declares developer ECM bankrupt
/ref> Before its bankruptcy, ECM was involved in the development of

V Tower V Tower is a high-rise building in Prague, Czech Republic. It is the tallest residential building in the Czech Republic with 104 meters in height and 30 floors. Construction started in 2016 and ended in 2018. It was designed by Czech architect R ...

in Prague. BEAN

Financial data

References

{{Authority control Real estate companies of the Czech Republic Real estate companies of China Defunct companies of Luxembourg