QuantumOn, Subsidiary Daehan Jonggeon Files for Rehabilitation Proceedings
QuantumOn announced on the 22nd that its subsidiary, Daehan Jonggeon, has filed for 'commencement of rehabilitation proceedings' with the Seoul Bankruptcy Court to normalize management and preserve value as a going concern.
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The company stated, "The Seoul Bankruptcy Court will decide whether to commence rehabilitation proceedings after reviewing the application and attached documents submitted by Daehan Jonggeon," adding, "Any changes resulting from the court's decision and subsequent progress will be disclosed in the future."
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