Latest News for: Asset restructure


Gov’t happy as MPs pass foreclosure bills

FinancialMirror 09 Dec 2023
Concurrently, six additional laws were unanimously adopted, broadening the definition of “restructuring” to include the disposal and transfer of immovable property to the Cyprus Asset Management Company (KEDIPES) as part of the ‘mortgage to rent’ scheme.

FTX’s revised restructuring plan due in a week

Cryptopolitan 08 Dec 2023
Balancing Act in Asset Valuation and Distribution. In a recent correspondence, the Committee of Unsecured Creditors acknowledged the diverse perspectives regarding the valuation and distribution of assets ... Amidst these restructuring efforts, FTX and its affiliated companies have embarked on a strategic review of their global assets.

Ooredoo, Zain and TASC Towers create largest tower company in MENA

The Peninsula 08 Dec 2023
Ooredoo and Zain will equally retain a substantial stake of 49.3% each in the newly restructured entity, through an asset and cash equalisation process. The founders of TASC will retain the remaining shareholding, through Digital Infrastructure Assets LLP, and will continue to manage the operations of the business.

Foreclosure bills passed into law

CyprusMail 08 Dec 2023
Meanwhile, six laws were unanimously adopted which broaden the definition of the term “restructuring” to include the disposal and transfer of immovable property to the Cyprus Asset Management Company in the context of the implementation of the ‘mortgage to rent’ scheme.

The most influential people in crypto assets 2023 | CoinDesk JAPAN

OBN 08 Dec 2023
This year has been a year of restructuring and transformation for the crypto asset (virtual currency) industry. After the 2022 scandals involving FTX, Three Arrows Capital, Celsius Network, and others, crypto asset prices have fallen and the industry has gone into lock-down mode, with a lack of development, reform, and compliance issues.

Four national banks are among the creditors of Mercon, which declared bankruptcy

The Cleveland American 08 Dec 2023
From the petition to date, the total amount owed under the Lafise Nicaragua Fund amounts to approximately $19.49 million in unpaid assets, plus accrued and unpaid interest, commissions and other expenses,” the document filed with the New York court states ... You have the option to restructure these loans or foreclose if you have the collateral.

lululemon athletica inc. Announces Third Quarter Fiscal 2023 Results, Board of Directors Authorizes $1.0 Billion ...

Cadillac News 07 Dec 2023
The adjusted non-GAAP financial measures below exclude certain inventory provisions, asset impairments, and restructuring costs recognized in relation to lululemon Studio, and the related income tax effects of these items ... Impairment of assets and restructuring costs ... Impairment of Assets and Restructuring Costs and Note 4.

Planet Reports Financial Results for Third Quarter of Fiscal 2024

The Huntsville Item 07 Dec 2023
GAAP financial measure (cost of revenue, research and development expenses, sales and marketing expenses, and general and administrative expenses) adjusted for stock-based compensation, amortization of acquired intangible assets, restructuring costs, employee transaction bonuses ...

Laurentian Bank of Canada reports 2023 results

Victoria Advocate 07 Dec 2023
As a result, restructuring charges of an estimated $6.5 million (before income taxes) are expected to be incurred in the first quarter of 2024 ... Restructuring charges were mainly comprised of severance charges and impairment charges of software and other intangible assets and were included in the Impairment and restructuring charges line-item.

Eagle Plains Shareholders Approve all Matters at Annual General Meeting

The Eagle-Tribune 07 Dec 2023
("ER") which holds many of Eagle Plains' diverse portfolio of royalty assets. The restructuring enhanced the valuation of Eagle Plains' extensive royalty interests, enabling ER to market and develop its royalty assets while seeking additional royalty acquisition opportunities.

Troika Media Group Inc. Announces Strategic Chapter 11 Filing and Sale to Blue Torch

Longview News-Journal 07 Dec 2023
... has entered into a restructuring support agreement with certain funds managed by Blue Torch Finance LLC ("Blue Torch"), the Company's senior secured lenders, pursuant to which Blue Torch would acquire substantially all of the assets of the Company via a stalking horse credit bid.

Smartsheet Inc. Announces Third Quarter Fiscal Year 2024 Results

The Joplin Globe 07 Dec 2023
We define non-GAAP operating income (loss) as GAAP operating loss excluding share-based compensation expense, amortization of acquisition-related intangible assets, one-time costs associated with mergers and acquisitions, lease restructuring costs, and litigation expenses and ...

Ciena Reports Fiscal Fourth Quarter 2023 Financial Results

Enid News & Eagle 07 Dec 2023
Significant asset impairments and restructuring costs ... Significant asset impairments and restructuring costs ... Significant asset impairments and restructuring costs.

CooperCompanies Announces Fourth Quarter and Full Year 2023 Results

The Eagle-Tribune 07 Dec 2023
Amortization of intangible assets will recur in future periods; however, the amounts are affected by the timing and size of our acquisitions.We exclude the effect of acquisition and integration expenses and restructuring expenses from our non-GAAP financial results ... ASSETS. Current assets. ... Other current assets 238.8 208.9 ... Other assets 637.1 587.9.

Iceland Exploration Yields Bonanza Gold Grades Discovery Prompting the Spin-Out of Icelandic Holdings

The Eagle-Tribune 07 Dec 2023
The Company also announces that its board of directors has approved, in principle, a strategic reorganization of the Company's assets, pursuant to which the Company would proceed with a restructuring transaction (the "Spin-Out"), whereby it would spin out the common shares of its subsidiary St-Georges Iceland Ltd.