MONTREAL, Jan. 29, 2014 /CNW Telbec/ - In light of the rumours
circulating about construction of the "The Touch" yacht, the Fonds de
solidarité FTQ would like to reassure its shareholders.
Following the audit of the Accurso group ordered by the tax authorities,
the Fonds will assert its rights to protect its shareholders if it was
adversely affected in the Touch construction case.
The Fonds de solidarité FTQ was no longer a shareholder of Hyprescon
when the rumours concerning the Touch were brought to its attention in
Since other facts subsequently came to light that contradict this
rumour, it has been impossible to confirm the information, particularly
since the Fonds does not have access to the tools and techniques used
in police investigations. Based on the official documents available to
the Fonds as a shareholder (in particular, financial statements), the
Fonds can neither confirm nor deny the rumours.
In essence, the Fonds' information concerning this matter is
contradictory and inconclusive; however, if the rumours are true, the
Fonds would view such a situation as completely unacceptable.
About the Fonds de solidarité FTQ
The Fonds de solidarité FTQ helps drive our economy. With net assets of
$9.7 billion as of November 30, 2013, the Fonds is a development
capital investment fund that channels the savings of Quebecers into
investments in all sectors of the economy to help further Québec's
economic growth. Its investments, in all sectors of the economy,
contribute to the creation and maintenance of businesses and
development in Quebec. The Fonds is a partner, either directly or
through its network members, in close to 2,400 companies. With its more
than 615,000 owner-shareholders, it has helped, on its own or with
other financial partners, to create, maintain and protect more than
170,000 jobs. For more information, visit www.FondsFTQ.com.
SOURCE: Fonds de solidarité FTQ
For further information:
Information for media representatives only:
Senior Advisor, Media Relations and Communications
Fonds de solidarité FTQ
Phone: 514 850-4835
Mobile : 514 703-5587
The Fonds de solidarité FTQ on the Web: