The “HiWeb” company logo, which was suspended from March 7, 2025 at the request of the company’s management, will continue until May 26, 2025 at the latest.
According to Ideaagency, based on a letter published by the Stock Exchange Organization to the management of HiWeb Companies, the company must provide the necessary clarifications to the Stock Exchange Organization regarding the latest actions taken and the financial effects of the matter on its financial performance by May 26, 2025.
The letter states that it is essential to provide the necessary clarification in order to protect the interests of shareholders and reopen the trading symbol of that company by the specified date.
On the eve of the Nowruz holidays and the closure of the capital market, the CEO of HiWeb wrote a letter to the CEO of the stock exchange, requesting that the company’s symbol be suspended.
In a letter to the stock exchange, Iman Miri, the CEO of HiWeb, referred to the company’s dire financial situation and the government’s failure to pay its debts, and requested that the company’s symbol not be reopened in order to prevent losses for shareholders. According to the CEO of HiWeb, one of the reasons for this situation is the failure to pay the exchange rate adjustment difference in contracts for providing high-speed internet services to rural residents (USO) by the Ministry of Communications after 6 years. It was also noted that heavy taxes and the current economic conditions are other reasons for this situation.
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