Court declares WeMakePrice bankrupt – The Korea Times

A Seoul court on Monday announced the liquidation of e-commerce platform operator WeMakePrice, two months after terminating the company’s rehabilitation proceedings. WeMakePrice, along with its then sister company TMON, entered court-led rehabilitation proceedings in July last year, after they struggled to make payments to vendors due to liquidity issues. The Seoul Bankruptcy Court in September…

WeMakePrice goes bankrupt after failed turnaround

WeMakePrice’s headquarters in southern Seoul (Newsis) A South Korean court on Monday declared the bankruptcy of WeMakePrice, marking the end of a failed rehabilitation effort to revive the troubled e-commerce business. The Seoul Bankruptcy Court ruled WeMakePrice bankrupt, roughly a year and half after the platform filed for court receivership on July 29, 2024, along…

Affinity Interactive Faces Mounting Debt Challenges: Strategic Financial Moves Underway

Affinity Interactive, a casino and media company, is partnering with the investment bank Moelis & Co. to engage in discussions with its bondholders in an effort to address its escalating debt challenges. This initiative reflects the company’s strategy to stabilize its financial position amid growing creditor unease over increasing debt levels. Bondholders Seek Legal Assistance…

Medium-Term Debt Management Strategy is crucial for macroeconomic credibility – CTA – aimnews.org

Maputo, 10 Nov (AIM) – The Confederation of Mozambican Business Associations (CTA) believes that the Medium-Term Debt Management Strategy for 2025-2029, which was recently approved by the government, is crucial for macroeconomic credibility and improving the business environment in the country. The Medium-Term Debt Management Strategy for 2025-2029 is a document aimed at “defining a…