Page 47 - Restructuring News Today

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Distressed Chinese property developer downplays the possibility of a liquidation after it hired the financial advisory firm to assess the amount of money creditors could recover in such an event.

EQSAdhoc DEMIRE Deutsche Mittelstand Real Estate AG Key word Bond DEMIRE confirms negotiations with a group of bondholders regarding the restructuring of the 20192024 bond 26March2024 2351 CETCEST Di

Nigerians particularly saw the real motive behind the debates as nothing short of an attempt at creating widespread instability in the country that would result in the destabilisation of the government and ultimate destruction of the federal system that we have been practising for so many years.

Edtech firm Byjus is undergoing cost-cutting and restructuring efforts, downsizing smaller assets and consolidating its focus on the top four to five cities. The company has identified offices and tuition centers for closure across 17 cities, reducing the count to approximately 250. Byjus faces financial challenges, including disputes with landlords over rental payments and legal issues related to a $1.2 billion loan

AYALA Land Inc. (ALI), the property development unit of Ayala Corp., is consolidating with at least 34 subsidiaries as part of an internal restructuring plan to simplify management and ownership structures.

TOKYO -- The lineup of the most profitable Japanese companies in various industries is set to look very different in fiscal 2023 than five years earli

Ahead of its restructuring, Vedanta Resources had $3 billion due in the current financial year, and $4.6 billion in the next. Post restructuring, these liabilities have reduced to $2 billion in 2023-24 (Apr-Mar), and $2.4 billion in FY25.

Electronic Arts (EA) announced widespread layoffs, cutting over 650 jobs, as part of a major restructuring effort. The company is cancelling a Star Wars first-person shooter game and focusing on its biggest franchises. Severance packages and job placement assistance are being offered to affected employees. The estimated cost of the restructuring is between $125-165 million.

Indebted developer vows to ‘vigorously’ fight the ‘aggressive action by a sole creditor’ over a ‘low proportion’ of its offshore debts.