Jan 19 (Reuters) –
* GENESIS INITIATES PROCESS TO ACHIEVE GLOBAL RESOLUTION TO MAXIMIZE VALUE FOR ALL CLIENTS AND STAKEHOLDERS AND STRENGTHEN ITS BUSINESS FOR THE FUTURE
* GENESIS GLOBAL HOLDCO-AMPLE LIQUIDITY OF MORE THAN $150 MILLION TO SUPPORT OPERATIONS AND FACILITATE RESTRUCTURING PROCESS
* GENESIS – GENESISS OTHER UNITS INVOLVED IN DERIVATIVES AND SPOT TRADING AND CUSTODY BUSINESSES AND GENESIS GLOBAL TRADING NOT INCLUDED IN FILING
* GENESIS GLOBAL HOLDCO- GENESIS GLOBAL HOLDCO, TWO LENDING SUBSIDIARIES, GENESIS GLOBAL CAPITAL AND GENESIS ASIA PACIFIC PTE FILED FOR BANKRUPTCY
* GENESIS GLOBAL HOLDCO- CALLS FOR THE CREATION OF A TRUST THAT WILL DISTRIBUTE ASSETS TO CREDITORS
* GENESIS GLOBAL HOLDCO- PLAN CONTEMPLATES A DUAL TRACK …
Read the full article at: https://www.marketscreener.com/news/latest/Genesis-Says-It-Has-Commenced-Voluntary-Chapter-11-Restructuring-Of-Lending-Business–42773046/