ContentreeJoongAng, Megabox and Other Companies in the JoongAng Group File for Corporate Rehabilitation in a String… Trading Suspended
Four firms, including JoongAng Holdings, ContentreeJoongAng and Megabox JoongAng, filed requests with the Seoul Bankruptcy Court on Sept. 14 to begin corporate rehabilitation procedures
JTBC’s roughly 20.0 billion won-scale unpaid borrowing prompted credit rating downgrades, bringing a liquidity crisis across the group into sharper focus
“With the aim of restoring management and preserving corporate value,” the court will make a final decision on whether to start rehabilitation after a strict review
ContentreeJoongAng (036420) and its subsidiary Megabox, both companies in the JoongAng Group, have started corporate rehabilitation procedures and had their stock trading halted. On Sept. 15, according to South Korea’s Financial Supervisory Service’s electronic disclosure system and legal circles,...
