MDX Technology Limited (MDXT), the leading provider of real-time data collaboration and distribution solutions for the global trading community and financial services industry today announces the completion of a corporate restructuring programme. With immediate effect, the new company structure incorporates three entities: MDX Holdings Limited (MDXH), MDX Technology Limited business (MDXT) and the…
Philip Green is trying to quietly vacate one in 10 of his high-street stores before launching a controversial restructuring of his Arcadia fashion empire. The embattled billionaire is working on a plan that will enable his retail group, which includes Topshop and Dorothy Perkins, to close its worst-performing outlets and slash rent costs. On Thursday,…
(Reuters) – J. Crew Group Inc has tapped restructuring lawyers for the second time in as many years to explore options for reworking its debt, as the U.S. clothing chain struggles with falling sales and a dwindling cash pile, people familiar with the matter said on Thursday. The companys decision to seek help with…
Debenhams has cleared a hurdle in its attempt to push through a crucial restructuring plan, dealing a blow to a potential bid for the struggling retailer by Sports Direct chief executive Mike Ashley. The department store chain said it had secured the support of a majority of its bondholders for a series of technical changes…
MDX Technology Limited (MDXT), the leading provider of real-time data collaboration and distribution solutions for the global trading community and financial services industry today announces the completion of a corporate restructuring programme. With immediate effect, the new company structure incorporates three entities: MDX Holdings Limited (MDXH), MDX Technology Limited business (MDXT) and the…
Last week, the news of Oracle laying off a huge number of employees as a part of its organizational restructuring came as a shock. The reason behind this layoff round was not clear, while some said that this was done to save money, some others said that people working on a legacy product were let…
The founder of Indias struggling Jet Airways is to step down as chairman as part of a debt restructuring plan agreed with its lenders. Naresh Goyal, a former travel agent who founded Jet in 1992 and built it into Indias largest international airline, will also leave the board as part of a resolution plan that…
JINHUA, China, March 25, 2019 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (the Company, we or Kandi) (NASDAQ GS: KNDI), announced today that Kandis wholly-owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd. (“Kandi Vehicles”) signed an Equity Transfer Agreement (the Transfer Agreement) on March 21, 2019 with Geely Technologies Group Co., Ltd. (Geely) to transfer certain…
JINHUA, China, March 25, 2019 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (the Company, we or Kandi) (NASDAQ GS: KNDI), announced today that Kandis wholly-owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd. (“Kandi Vehicles”) signed an Equity Transfer Agreement (the Transfer Agreement) on March 21, 2019 with Geely Technologies Group Co., Ltd. (Geely) to transfer certain…
Struggling department store chain Debenhams said shareholders could lose their entire investment as a result of some of the restructuring options it is considering. The 200-year-old retailer said it is trying to refinance its debt, restructure its estate after a series of profit warnings and seek a cash injection of up to 200 million (A$373.1…