Superlight declared bankrupt, restart in the works

The Twente-based startup Superlight Photonics was declared bankrupt this week due to irreconcilable differences between founder Haider Zia and the shareholders about further financing. CEO Cees Links told Bits&Chips he’s currently working with the court-appointed trustee on a restart. “The entire management team is behind this, and at the moment, it’s business as usual for…

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Voluntary liquidation of Cathay Cineplexes ‘not expected to adversely impact core businesses’: mm2 Asia, Singapore News

Cathay Cineplexes’ parent company, mm2 Asia, said that the voluntary liquidation of its cinema chain business is unlikely to have a major impact on its core businesses or continuing operations. In a bourse filing on Wednesday (Sept 3), the entertainment company responded to queries from the Singapore Exchange Regulation and said that the liquidation will…

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