A court in Croatia has postponed a decision on opening bankruptcy proceedings against Uljanik Group shipyard 3 Maj.

The final hearing into the matter will be held on 5 June in Rijeka, the Xinhua news agency reported.

The yard owes HRK 135m ($20m).

It and Uljanik Shipyard are part of the troubled Uljanik Group, which has been hit by order cancellations and strikes.