Latest News for: Asset restructure

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Indian Government Agencies Probe WazirX Hack as Exchange Seeks Recovery Path

CryptoNewsZ 07 Oct 2024
In a bid to restructure its liabilities, WazirX is forming a 10-member committee of creditors (CoC) by October 9. This committee will advise on the exchange’s business restructuring plan.
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WazirX founders meet with government agencies as probe into $235 million crypto hack starts: Report

Hindustan Times 07 Oct 2024
This was nearly 45% of its entire holding assets.(Representational Image) ... This was nearly 45% of its entire holding assets ... The exchange is also getting restructured to manage the huge liabilities.
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Why CVS Health stock could appreciate 35% from here

Invezz 05 Oct 2024
On the other hand, Barclays holds an Equal Weight rating with a $63 target, focusing on the challenges facing CVS’s retail segment and suggesting that the integration of its payer/PBM assets remains crucial to its valuation.
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Problems keep piling up for budget airlines like Spirit Airlines — so get set to ...

Business Insider 04 Oct 2024
Spirit Airlines posted a net loss of $192 million in the second quarter ... Declining revenues saw Spirit post a net loss of $192 million in the second quarter ... Filing for Chapter 11 bankruptcy would let Spirit restructure its assets ... ....
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Troubled retail food brand shuts down after dismissed bankruptcy

Aiken Standard 04 Oct 2024
The Charles City, Iowa-based company said it will seek either a sale of its assets or an out-of-court restructuring after dismissing the bankruptcy and laying off all of its employees.
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JPMorgan acquires stake in Australia's cash-strapped Star Entertainment

The Economic Times 04 Oct 2024
Star might sell assets amidst restructuring, and lenders ...
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People: JPG Group; MD Law; Fulcrum; and more

The Business Desk 04 Oct 2024
... at Sheffield and Doncaster law firms, brings employment specialisms for businesses including redundancies, restructures, director exits, business transfers, contract reviews and asset acquisitions.
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Top leader meets Irish businesses, discusses investment opportunities

Vietnam News 03 Oct 2024
... of development, it will rely on Fourth Industrial Revolution assets – science, technology, innovations, and a highly skilled workforce – to transform its growth model and restructure the economy.
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Dish-DirecTV deal sparks creditor revolt over $1.6 billion loss

The Spokesman-Review 02 Oct 2024
The debt restructuring plan would leave bondholders with nearly $1.6 billion of losses, after imposing haircuts as high as 40% of face value ... Creditors eventually sued over the asset transfer move.
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Typhoon Yagi affected borrowers to be postponed debt repayment for a year

Vietnam News 02 Oct 2024
Banks with good assets will record a moderate level of bad or restructured debts, while banks with a high proportion of corporate credit (including corporate bonds) and a low bad debt coverage ratio ...
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FTX Creditors Back Plan for Company Reorganization

The Arabian Post 01 Oct 2024
In some cases, creditors may opt to receive payouts in cryptocurrency assets or cash ... A major part of the restructuring will involve retrieving digital assets from FTX’s sprawling global network of wallets, exchanges, and third-party custodians.
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Tecom Group buys 'Office Block' at Dubai Internet City in new investment spree

Gulf News 01 Oct 2024
The ‘Office Park’ is a multi-let commercial asset with five interconnected blocks and a gross leasable area of 370,761 square feet ... Emirates REIT has had plans to divest some of its assets as part of a wider restructure of its portfolio.).
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Tecom Group buys commercial property at Dubai Internet City in new investment spree

Gulf News 01 Oct 2024
... the owner of the asset ... Emirates REIT has had plans to divest some of its assets as part of a wider restructure of its portfolio.).
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FTX To Distribute $6 Bln To Users, Here’s Potential Timeline

CoinGape 01 Oct 2024
All committee members, about 66 of them, voted YES to the proposal, marking a crucial step to the distribution of FTX creditors’ assets. According to Kroll Restructuring Administration which is ...
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Depreciation of €222 million pushes Baywa’s result to zero

PV Magazine 30 Sep 2024
In July, the Munich-based group's share price more than halved after commissioning a restructuring report and it has since only recovered slightly from the slump ... In addition, write-downs on goodwill and long-term assets were made.

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