Meridianbet completes debt-to-equity conversion agreement with Golden Matrix Group (GMGI)

Zoran Milosevic, CEO of Meridianbet, commented on the deal: “This recent debt-to-equity conversion demonstrates our clear commitment to the strategic objectives of our corporation and to the long-term growth of Golden Matrix Group. The transaction also resolves pending obligations, improves cash flexibility, and ensures alignment with our stakeholders.” Deal details Announced on August 20, the new…

France freight crisis: 10 firms collapse a day

Industry journal L’Officiel des transporteurs reports 645 company insolvencies in the second quarter of 2025 alone: a stark reversal of the typical spring recovery pattern. The figures represent a 1.4% increase from the previous quarter and a 7% rise year-on-year, with insolvencies up 55% over two years. The crisis extends beyond simple business closures. Business…

France freight crisis: 10 firms collapse a day

Industry journal L’Officiel des transporteurs reports 645 company insolvencies in the second quarter of 2025 alone: a stark reversal of the typical spring recovery pattern. The figures represent a 1.4% increase from the previous quarter and a 7% rise year-on-year, with insolvencies up 55% over two years. The crisis extends beyond simple business closures. Business…

Triple Point Private Credit strengthens support for The Electric Car Scheme with debt facility to accelerate EV adoption

Triple Point’s Private Credit team has expanded its funding relationship with The Electric Car Scheme, a UK-based EV salary sacrifice provider, through the arrangement of a newly structured revolving credit facility. The facility will enable investment for continued growth, product innovation, and strategic expansion. The Electric Car Scheme enables employers to offer EV salary sacrifice schemes…

Another Indonesian Textile Giant SBAT Declared Bankrupt Following Sritex Collapse

TEMPO.CO, Jakarta – The Central Jakarta Commercial Court has officially declared bankruptcy against PT Sejahtera Bintang Abadi Textile Tbk (SBAT), Indonesian textile company based in Cicalengka, Majalaya, and Cikancung, West Java, Bandung. The ruling came after the completion of the Suspension of Debt Payment Obligation (PKPU) process under case number 3/Pdt.Sus-PKPU/2025/PN Niaga Jkt.Pst. SBAT’s controller,…

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