Audacy Receives Court Approval of Reorganization Plan – Yahoo Finance

Will Equitize over 80% of the Companys Debt and Establish a Robust Capital Structure to Drive Long-Term Growth Audacy Expects to Emerge from Chapter 11 Process Following Regulatory Approval from the Federal Communications Commission Audacy is Poised to Capitalize on Growth Opportunities as a Scaled, Leading Multi-Platform Audio Content and Entertainment Company with Distinctive Competitive…

A third of withdrawn insolvency processes fully settled, says IBBI – Business Standard

Over one-third of the corporate insolvency resolution processes that were withdrawn after admission resulted in full settlement with the creditor who filed the insolvency application, the latest data by the Insolvency and Bankruptcy Board of India (IBBI) shows. A total of 1,035 applications have been withdrawn under the Insolvency and Bankruptcy Code (IBC) process after…

Debtors resolving cases before admission under insolvency law: IBBI – Business Standard

Creditors have realised Rs 3.21 trillion under the resolution plans till December 31 last year Over 27,500 applications for resolution process against corporate debtors have been withdrawn before their admission, with regulator IBBI emphasising that the credible threat of the insolvency law that ownership of debtors might change has changed the behaviour of debtors. These…

Horisont Energi finalizing corporate restructuring – Offshore Energy

Norwegian clean energy company Horisont Energi is about to wrap up corporate restructuring, transferring all rights and obligations related to clean ammonia, CO2 transportation and storage, and CO2 infrastructure into three separate and wholly-owned subsidiaries. Courtesy of Horisont Energi The corporate restructuring was proposed on December 22, 2023, at the extraordinary general meeting. In a…

'Maximising corporate value': Asahi hopes massive group restructure will enhance advantages across four key markets – FoodNavigator-Asia.com

Asahi recently announced its FY2023 full-year financial results, reporting 6.8% year-on-year growth in revenue to JPY2.77tn (US$18.4bn) and 3.9% year-on-year growth in core operating profits to JPY263.7bn (US$1.75bn). The firm attributed the revenue growth to unit sales price increases and premiumisation. Asahi conducted a wide-scale restructuring of its business governance in 2022, including the establishment…