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Baan on probe following equity concerns

The organisation that oversees the Amsterdam stock exchange has put Baan company on watch for possible breaches of financial requirements and disclosure rules, reports The Wall Street Journal Europe.

Three weeks ago Baan forecast a fourth-quarter loss of $240m to $250m, a loss that could cause its shareholder equity to fall into negative territory. Amsterdam Exchange requires listed companies to maintain positive shareholder equity. It recently asked Baan to provide information about its shareholder equity, exchange spokesman Robert Bakker said.

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