MOZ) share price plummets amid insolvency fears

It is expecting to report a deeper loss for the 2024 financial year in the range of between $15 million and $20 million, partially driven by disruptions from a botched technology migration project involving a new logistical supply chain platform. This impacted Mother’s Day trading to a degree that was “greater than expected”, delaying the…

HiPhi’s parent company files for bankruptcy

Human Horizons, the parent company of luxury EV brand HiPhi, has entered the pre-reorganization phase after filing for bankruptcy, marking a critical moment in China’s new energy vehicle (NEV) sector. The company, struggling financially, halted production nearly six months ago. – Advertisement – The Yancheng Economic and Technological Development Zone People’s Court accepted the pre-reorganization…