Court Decides to Commence Rehabilitation Proceedings for EM Networks
[Asia Economy Reporter Ji Yeon-jin] EM Networks announced on the 23rd that the Seoul Bankruptcy Court has decided to commence rehabilitation proceedings.
The reporting period for rehabilitation claims, rehabilitation secured claims, stocks, and equity shares is from next month 18th to 31st, and the investigation period for rehabilitation claims and rehabilitation secured claims is from April 1st to 14th.
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The company's stock trading will be suspended from May 29th until the decision on whether the delisting criteria are met.
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