Mar 01, 2013. /Lesprom Network/. On 16 August 2012, the Board of Directors of Neo Industrial Plc signed a demerger plan according to which Neo Industrial Plc will partially demerge so that part of its assets and liabilities will transfer without liquidation procedure to a newly established public limited liability company, Avilon Plc, as the company said in a press release received by Lesprom Network. Neo Industrial Plc has negotiated with the creditors opposed to the demerger. As a result of the negotiations the company and the creditors have within one month of the due date applied for postponement of the demerger process until 1 March 2013. The company and the creditors have applied for further postponement until 8 May 2013.