Kakao Entertainment seeks restructuring, closer ties with Piccoma – Korea Economic Daily

Restructuring

KakaoEntertainment’sheadquartersbuilding(CourtesyofYonhap) South Korea’s Kakao Entertainment Corp., a unit of mobile platform giant Kakao Corp., is seeking renewed growth through corporate restructuring and closer ties with its global webtoon platform operator Kakao Piccoma. In a town hall meeting with employees on Friday, Kakao Entertainments two new co-chief executives Kisu Kweon and Joseph Chang said they will…

Hanwha's holding firm to hive off non-core businesses – Korea Economic Daily

Restructuring

HanwhaOcean’sdockyardinGeoje,SouthGyeongsangProvince Hanwha Corp., the holding company of South Koreas chemicals-to-defense conglomerate, will hive off wind power and offshore plant building operations to Hanwha Ocean Co., while separating its solar panel manufacturing business into Hanwha Solutions Corp., as part of the groups management efficiency efforts. The transfer of the businesses, worth 440 billion won ($327 million),…

Citi Australian business records losses as 'Project Bora Bora' takes shape – The Australian Financial Review

Restructuring

Apr 2, 2024 1.09pm Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? Citigroups Australian business has banked a heavy loss for 2023 as its US headquarters works through a comprehensive restructuring that will slash thousands of jobs around the world. The…

Small business restructuring in Australia: Two years on, is the new process working as intended? – Norton Rose Fulbright

Restructuring

From 1 January 2021, Australias insolvency framework for small businesses changed. The purpose of the change was to assist small businesses, with debts under AUD $1 million, to survive specifically, by providing these businesses with simpler, more flexible restructuring options outside the existing one size fits all voluntary administration and scheme of arrangement processes available…

Rank-and-file forum to discuss Australian Labor government's pro-business and war restructuring of universities – WSWS

Restructuring

The Rank-and-File Committee at Sydneys Macquarie University is hosting an online forum on April 10 to discuss the serious implications of the Labor governments Universities Accord final report, released last month. The forum is open to all educators and working people, because the Accord will have repercussions for every level of education. Education Minister Jason…

Business Restructuring Review Vol. 23 No. 2 | MarchApril 2024 | Jones Day – JDSupra – JD Supra

Restructuring

Please see full publication below for more information. BUSINESS RESTRUCTURING REVIEWVOL. 23 NO. 2 MARCHAPRIL 20241IN THIS ISSUE1 Singapore International Commercial Court Issues First Decision on Recognition of Cross-Border Bankruptcy Cases under Model Law2 Lawyer Spotlight: Dan B. Prieto8 Texas Bankruptcy Court: Debtors Non-Economic Rights Under LLC Agreement Are Estate Property Protected by Automatic Stay11…

Avion Express successfully completes restructuring process – aviator.aero

Restructuring

Avion Express, one of the largest ACMI (Aircraft, Crew, Maintenance, and Insurance) operators globally, has successfully completed corporate restructuring process initiated in 2021 due to the impact of the Covid-19 pandemic. Avion Express UAB fulfilled its obligations to creditors almost two years ahead of schedule and became the first airline in Lithuania to successfully complete…

Alibaba-controlled hypermarket operator Sun Art appoints new CEO – South China Morning Post

Restructuring

Sun Art Retail Group, controlled by Alibaba Group Holding, has appointed a new chief executive as the e-commerce giant continues to consolidate its retail assets amid a restructuring and rising market competition. Hong Kong-listed Sun Art, a hypermarket business, said in a stock exchange filing on Tuesday that Lin Xiaohai, fomer chief executive officer and…