November 24, 2021
Lenndy published some information after 4 months of silence https://lenndy.com/blog/70
Please be informed that from 18 November 2021 the directors of UAB “SOSCREDIT”, legal entity code 302776742, registered address at Saltoniskiu str. 12-2, LT-08105 Vilnius, Lithuania and UAB “Giantus finance”, legal entity code 304952954, registered address at Saltoniskiu str. 12-2, LT-08105 Vilnius, Lithuania, has changed. Donatas Satkauskas who is also the head of UAB “Giantus Group” and Audrius Bagdonas, has been appointed as the new directors of the Companies by the decision of the sole shareholder.
The decision to replace the directors of the Companies was determined by the fact that possible illegal actions of the former directors of the Companies were identified by which the remaining valuable assets of the Companies were transferred to the third persons associated with the former directors without any settlement or the assets of the Companies were transferred at the price significantly below market value. Furthermore, transfers of Companies funds to third persons associated with the former directors of the Company were also recorded, which were carried out in violation of the risk assessment rules and procedures established in the internal legislation of the Companies. Through such actions, the former directors of the Companies sought to appropriate the remaining valuable assets of the companies through associated parties and to avoid fulfilling the obligations to the creditors of the companies by instituting insolvency proceedings against the Company.
Following the removal of former directors of the Companies, Donatas Satkauskas and Audrius Bagdonas were appointed as the new directors of the Companies who has an expertise and knowledge to necessary to stabilize the activities of the companies, ensure the legality and continuity of the Company’s activities as well as ensure the protection of interests of the creditors of the Company including UAB “Soscredit” and UAB “Giantus Finance” in the restoration of comprehensive activities of the companies. The new directors of the Companies will primarily seek to assess all transactions concluded by former directors on behalf of the Company and remuneration of all losses from the former directors of the Company and the recovery of illegally transferred Company’s assets from third parties.
It is known that the former directors of the Companies may spread inaccurate information about the Company and/or the newly appointed directors and/or the financial situation of the Companies in order to regain the management of the Companies, therefore, hereby it shall be reiterated that the removal of former directors of the Companies is legal and valid, Donatas Satkauskas and Audrius Bagdonas are the new directors of the Companies and will take all necessary actions in order to stabilize the activities of the Companies, recover the assets misappropriated by third parties and ensure the protection of the interests of the Companies and its creditors.
Shareholders who were possibly involved in taking illegal actions are suspended and has no rights or access to any of UAB “Giantus Group” companies activities including “Giantus Pozyczki”.
Due to these circumstances and possible illegal actions of former directors, Lenndy team has now all the access to the operators First Finance, Giantus Finance and Giantus Pozyczki.
Lenndy team is very thankful for investors patience during these rough times due to circumstances mentioned above. Our main priority is and always was, our investors and their rights.
Shortly, we will share more information regarding the procedures against former directors, resume payments, payment continuity regarding payment schedule, asset realization and asset recovery process.
If you have further question, please contact us by email at: hello@lenndy.com
Please note we do take longer to respond, due to very high volume of emails received.
Thank you for your understanding.
Lenndy Team
Represented by Donatas Satkauskas