Uljanik Group CEO Gianni Rosanda has warned that liquidation is inevitable if a European Union restructuring or strategic investment fails.
He told shareholders at a general assembly on Tuesday that bankruptcy will not save the struggling Croatian shipbuilder.
The Hina news agency cited Rossanda as saying little time remained to save the group.
It needs to "either adopt a decision on a new strategic partner or for the process surrounding the proposed restructuring plan to be continued," he said.
