Hui Ka Yan speaks during a news conference on the sidelines of the fourth session of the 12th National People’s Congress in 2016 in Beijing. Etienne Oliveau/Getty Images Hui Ka Yan has made repe...
Tag: Restructure
Secret Network to Restructure as Nonprofit with ‘Transparent Operation’
The decentralized autonomous organization known as Secret Network, which regulates the blockchain with an emphasis on privacy, has apparently made the decision to reorganize its foundation so that it ...
SecretDAO votes to restructure foundation after public spat between organizations
The decentralized autonomous organization that governs privacy-focused blockchain Secret Network has voted to restructure its foundation as a nonprofit with a “transparent operation,” according to the...
Disney Layoff 7,000 As Embattled House Of Mouse Announces Restructure
Disney+ Getty Key takeaways Disney revealed it would be laying off 7000 workers amidst another busy week for tech job cuts The losses were announced on the latest earnings call, which also revealed a ...
Credit Suisse posts massive annual loss as ‘radical’ restructure gets underway
The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. Arnd Wiegmann | Reuters Credit Suisse’s restructuring plans include the sale of part of th...
DCG and Genesis reach initial deal to restructure plan with creditors
The Digital Currency Group and Genesis have reached an initial deal with a group of the firm’s main creditors. The agreement involves selling Genesis’ bankrupt entities and refinancing outstanding lo...
Party City files for bankruptcy to restructure piling debt
A shopper exits a Party City Holdco Inc. store in New York, U.S., on Wednesday, Nov. 7, 2018. Party City Holdco released earnings figures on November 8. Bloomberg Party City and some of its U.S. units...
Bitfarms to restructure equipment loan facility terms
Bitfarms Ltd, a global organization that mines bitcoin, is lowering the debt of one of its wholly-owned corporate subsidiaries. According to statements made by Jeff Lucas, Chief Financial Officer of B...
Crypto winter exacts new tolls as companies brace and restructure
Wyre and EmpireDAO are the two latest companies to fall victim to crypto winter. Founded nearly a decade ago, payment provider Wyre let a number of employees go, with two laid-off workers confir...
Stronghold Digital to restructure $18M debt with convertible preferred shares
Stronghold Digital Mining announced on Jan. 3 that it has reached an agreement with its noteholders to restructure $17.9 million of outstanding debt. Notes are like an IOU from a borrower to a lender ...
Bitcoin Miner Greenidge Approaches NYDIG to Restructure $74M Debt
Greenidge suffers from serious debts of $74 million. Approaches NYDIG to restructure the debts to avoid bankruptcy for 2023. Greenidge is no longer an independent BTC mining firm. Though the year 20...
FTX to Sell or Restructure Global Empire, According to CEO
Following its epic collapse, FTX now looks to restructure or sell out to the highest bidder amid investigations and bankruptcy filings. According to new FTX CEO John Ray, the embattled crypto exchange...
Credit Suisse sells most of its securitized products business to Apollo as it speeds up restructure
Credit Suisse on Tuesday announced that it would accelerate the restructure of its investment bank by selling a significant portion of its securitized products group (SPG) to Apollo Global Management....
Beleaguered Billionaire Hui Ka Yan Struggles To Hold Onto His Crumbling Empire
Hui Ka Yan, a member of the CPPCC National Committee and chairman of Evergrande Group, attends a press conference at the fifth session of the 12th CPPCC National Committee on March 9, 2017 in Beijing,...
DAOs Rush To Restructure To Avoid Legal Liability
SushiSwap, SafeDAO and Uniswap have all altered their legal structures in recent months New DAO legal structures are functionally very similar to LLCs, crypto lawyers say Major DAOs are moving to adop...
SushiSwap Looks To Restructure Governance With New DAO Structure
The SushiSwap community is discussing a new update proposed by a core contributor of the protocol. The update proposes the creation of a new DAO structure called Meiji. Other changes proposed in the ...
Ford to restructure supply chain after $1 billion in unexpected costs
Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it’s building the electric F-150 Lightning on April 26, 2022. CNBC | Michael Wayland DETROIT – Ford Motor on Thursday a...
Crypto Lender Hodlnaut Granted Judicial Management to Organize Restructure
Singapore-based crypto lender Hodlnaut has been granted judicial management by the Singapore High Courts today. Interim managers Angela Ee and Aaron Loh of EY Corporate Advisors Pte. have been appoin...
Discovery+ And HBO Max Swap Content As Warner Bros. Discovery Reportedly Plans To Restructure
Topline Warner Bros. Discovery announced major swaps between streaming services Discovery+ and HBO Max on Thursday, as the company reportedly mulls a major restructuring that could end with the two st...
Warner Bros. Discovery expected to slash jobs, restructure HBO Max as earnings loom
Warner Bros. Discovery (WBD) has a lot of questions to answer ahead of its earnings report on Thursday. The three-month-old streaming conglomerate, which is set to report its first quarterly earnings ...
Former Voyager executive vies for an alternative restructuring plan
Voyager’s former Chief Innovation Officer Shingo Lavine and his father and business partner Adam Lavine are pushing back on the embattled lender’s restructuring plan and calling for the ba...
Voyager’s Former Chief Innovation Officer Seeks a Restructure
The New Alternative The struggling lender’s proposed restructuring is opposed by Shingo Lavine, a former chief innovation officer of Voyager, and Adam Lavine, his father and business partner, wh...
Voyager Digital Rejects FTX’s Restructure Plan Proposal
36 mins ago | 2 mins read Defi News Loans to the troubled hedge firm Three Arrows Capital would be immune from this. Customers who don’t want to use FTX may nonetheless file bankruptcy claims. Alameda...
Bitcoin tourists exit the market, Peter Schiff’s bank closes down and Voyager to restructure: Hodler’s Digest, July 3-9
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, pr...
Crypto lending platform Vauld freezes withdrawals and looks to restructure
The toll of crypto lenders who are feeling the pinch continues unabated. Coinbase-backed Vauld is the latest crypto lender to freeze withdrawals, as the crypto winter endures, bringing the industry to...
Coinbase-Backed Lending Platform Suspends Withdrawals, Looking to Restructure
The cryptocurrency market downturn continues taking its toll, and lending companies are feeling the heat across the board. Another crypto lender to cease transactions is Vauld. According to a blog pos...
Billionaire Hui Ka Yan’s Evergrande Faces First Winding-Up Lawsuit In Restructuring Process
Hui Ka Yan, chairman of China Evergrande Group.(Photo by Paul Yeung/Bloomberg) © 2019 Bloomberg Finance LP Billionaire Hui Ka Yan’s embattled China Evergrande Group has been hit with its first known w...
Nexo to restructure its Earn Interest Product to comply with US regulations
Nexo will be changing its policy changes for its US clients. The change comes as the US Securities and Exchange Commission (SEC) focuses its attention on the decentralized finance (DeFi) sector. Nexo ...
Bunny Finance and Qubit Resort to DAO, Aiming to Restructure not Disband
DeFi protocols Bunny Finance and Qubit announced plans of “restructuring.” The joint statement revealed that the two projects, governed by the development team until recently, will now be managed by a...
Evergrande Aims To Announce Restructuring Plan Within Six Months
The sale office in front of unfinished apartment buildings at the construction site of a China … [+] Evergrande Group development in Beijing, China, on Thursday, Jan. 6, 2022. (Photo by Andrea V...