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100 Million NIS Passed to the Owners and Disappeared, and the Company Will Not Pay the Bondholders.

Summary by Globes
Simed is on the way to a debt settlement and will not pay the interest it owes its bondholders today (May 31) • According to the company's report over the weekend, an amount of $34 million was transferred to corporations controlled by controlling shareholders brothers Michael and David Shavsels

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100 Million NIS Passed to the Owners and Disappeared, and the Company Will Not Pay the Bondholders.

Simed is on the way to a debt settlement and will not pay the interest it owes its bondholders today (May 31) • According to the company's report over the weekend, an amount of $34 million was transferred to corporations controlled by controlling shareholders brothers Michael and David Shavsels

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Globes broke the news on Sunday, May 31, 2026.
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