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Search results for "liquidity crisis"

Movies industry braces for tension as Megabox seeks to recover…KOFICE to help with debt claims by next month’s 2nd

Movies industry braces for tension as Megabox seeks to recover…KOFICE to help with debt claims by next month’s 2nd

Deadline to submit creditor lists is Aug. 4…guidance materials for those who did not attend and counseling desks to be in operation
Movies industry hit by Megabox liquidity crunch…KOFICE mounts emergency response by Aug. 4 'deadline'Claim filing for rehabilitation debts begins Aug. 5, with an all-out effort to minimize damage to small and mid-sized distributors and entrusted theaters'Megabox' shakes the ecosystem… 'Korea Film...
| James choi
ContentreeJoongAng, Megabox and Other Companies in the JoongAng Group File for Corporate Rehabilitation in a String… Trading Suspended

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,...
| Seongchan Eol