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…
JERSEY CITY, N.J.–(BUSINESS WIRE)–BlockFi Inc. and eight of its affiliates (BlockFi or the Company) today commenced voluntary cases under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of New Jersey (the Court) to stabilize its business and provide the Company with the opportunity to consummate a comprehensive…
Kalera Inc. ORLANDO, Fla., Nov. 28, 2022 (GLOBE NEWSWIRE) — Kalera Public Limited Company(Kalera or the Company) (Nasdaq: KAL), a vertical farming company headquartered inOrlando, Fla., today announced that the Company has decided to initiate the restructuring of its German subsidiary, Kalera GmbH (f/k/a &ever) through a court-supervised process. Following Kalera PLCs announcement on October…
share this article Share this article Vincent Fabian Thomas (The Jakarta Post) PREMIUM Jakarta Mon, November 28, 2022 The Financial Services Authority (OJK) has extended the loan-restructuring program for certain businesses that it believes still require more time to recover from the COVID-19 pandemic and to withstand a global slowdown next year. Textile and footwear…
The TASK Group Holdings Ltd (ASX: TSK) share price is lighting up today after the ASX tech share released its interim FY23 results and upgraded guidance. In early afternoon trade, the TASK share price has raced 35.7% higher to 38 cents. The group formerly traded as Plexure (ASX: PX1), a mobile engagement software company behind…
BANGKOK, 28 November 2022, Thai Airways International has named Chai Eamsiri its chief executive officer effective 1 February 2023. The CEO Selection Committee, including appointed restructuring plan administrators, selected Eamsiri from 53 internal and external candidates who applied for the top job at THAI. Government regulations allowed only Thai nationals to apply. The recruitment specifications…
Andrii Yalanskyi Published on the Value Lab 11/24/22 We have very robust capital markets coverage on SA, where we cover almost every advisory house on US markets. For those that have restructuring franchises, the issue of low converting into actual deals from dialogue about strategy and macro has been an issue in bringing out the…
Thai Airways International has promoted Chai Eamsiri, its current chief financial officer, to helm the airline as it undergoes business rehabilitation. The appointment, effective 1 February 2023, marks the end of a series of acting airline chiefs since 2020. Eamsiri will replace current acting CEO Suvadhana Sibunruang, who was appointed to the role in June…
DEERFIELD, Ill., Nov. 09, 2022 (GLOBE NEWSWIRE) — Surgalign Holdings, Inc. (NASDAQ: SRGA), a global medical technology company focused on elevating the standard of care by driving the evolution of digital health, today announced that its Board of Directors has approved a corporate restructuring plan intended to help drive growth in the most valuable and…
Victoria Mutual Building Society, VMBS, a mortgage bank with various non-banking companies under its wings, was on Thursday granted approval by the Supreme Court to move ahead with its plan for restructuring the group. The Supreme Courts granting of order approving VMBS Scheme of Arrangement for the restructuring for the building society and its subsidiaries,…