Receive free GFG Alliance updates Well send you a myFT Daily Digest email rounding up the latest GFG Alliance news every morning. Sanjeev Gupta faces losing control of his steel plants in Belgium after the approval of a judicial restructuring of his operations in the country, paving the way for their eventual sale. A court…
EQS-News: Corestate Capital Holding S.A. / Key word(s): Restructure of CompanyCorestate implements important conditions from the approved restructuring concept05.12.2022 / 08:00 CET/CESTThe issuer is solely responsible for the content of this announcement. Corestate implements important conditions from the approved restructuring concept Supervisory Board with two new members Dr. Nedim Cen new Chairman of the Supervisory…
EQS-News: Corestate Capital Holding S.A. / Key word(s): Restructure of CompanyCorestate implements important conditions from the approved restructuring concept05.12.2022 / 08:00 CET/CESTThe issuer is solely responsible for the content of this announcement. Corestate implements important conditions from the approved restructuring concept Supervisory Board with two new members Dr. Nedim Cen new Chairman of the Supervisory…
Allied Esports Entertainment has set out plans to restructure its existing esports business operations and expand its focus into a wider range of markets, following the completion of a strategic review. Overseen by its board of directors and assisted by financial advisor Benchmark Company, the review looked at the Allied business as a whole to…
HONG KONG, Dec 1, 2022 – (ACN Newswire) – – It was recently known to us that Wuling Motors (00305. HK) had completed the capital increase into Wuling New Energy. Wuling Motors, capitalized from the restructuring as an important participant, will expedite its in-depth deployment in the field of new energy vehicles in promoting a…
Walt Disney (DIS) may incur impairment charges under returning CEO Bob Iger’s restructuring plans, the entertainment and media giant said this week. Iger, a Disney CEO from 2005 to 2020, reclaimed the job on Nov. 20 after the company’s board abruptly ousted his chosen successor Bob Chapek. Iger has since indicated his priority is restructuring…
Nov 30 (Reuters) – Capital A Berhad (CAPI.KL), the parent of Malaysian budget airline AirAsia, reported a narrower third-quarter operating loss on Wednesday, buoyed by a strong rebound in travel demand and the easing of pandemic-related restrictions in Southeast Asia. It also forecast a positive outlook for the upcoming years on strong sales momentum and…
The Income Tax Appellate Tribunal has quashed the Rs 5,872-crore tax demand on Grasim Industries Ltd. over the restructuring of its businesses.The income tax authorities have erred in classifying the demerger of financial services business to Aditya Birla Capital Ltd. as a mere transfer of assets and liabilities, the ITAT said in its order.In 2017,…
Nov 29 (Reuters) – Walt Disney Co (DIS.N) on Tuesday said it anticipates organizational and operational changes in the company that could result in impairment charges, according to a regulatory filing. The changes follow Bob Iger’s return as Disney’s chief executive officer. Disney said Iger’s mandate is to put the company on the path for…
Summary Companies Aims to shed status as financially-distressed company Capital A will retain digital, logistics, services businesses Investors to receive in-specie distribution of aviation business Nov 29 (Reuters) – Malaysia’s Capital A (CAPI.KL) will combine its AirAsia budget airline business with long-haul offshoot AirAsia X (AIRX.KL) as part of a corporate restructuring designed to shed…