Flexible Display Maker Royole Sees $5.3M in Assets Frozen
Former flexible display unicorn Royole Technology has recently been plunged into a new crisis, after 37 million yuan ($5.3 million) in assets were frozen by a local court.
9/8/20222 min read
Tag: #financial challenges
Showing 8 of 8 posts with this tag
Suning.com Completes Board Reshuffle and Executive Appointment
On April 6, Suning.com, a Chinese e-commerce platform, held an extraordinary shareholders' meeting at its headquarters in Nanjing. The purpose of the meeting was to confirm the members of the eighth board of directors and supervisory board.
4/7/20233 min read
Evergrande Auto to Be Merged, Tianjin Factory to Shut down
Forty-three days after the pre-sale of its Hengchi 5 model began, Evergrande Auto is reportedly to be acquired by another automobile company, and this acquisition may be led by the local government.
8/17/20223 min read
Flexible Display Manufacturer Royole Initiates Layoffs
Flexible display maker Royole Corporation started a round of layoffs on Wednesday. This is the first round of large-scale layoffs at the company since it fell into a capital shortage crisis.
5/20/20223 min read
Bullet Messenger Cooled Off as Smartisan Rumored to Face Financial Challenges
It has been quiet about the Chinese messaging app Bullet Messenger lately, until a recent news report suggested the app had been temporarily removed from app st...
10/28/20185 min read
$19M in Assets of WM Motor's Shanghai Sales Subsidiary Get Frozen
Five companies recently applied to Chinese courts to freeze property owned by a subsidiary of electric vehicle firm WM Motor totaling about 130 million yuan ($18.9 million). Legal bodies have now agreed to the appeal.
1/5/20233 min read
Embattled Missfresh Conducts Business Restructuring Plan
Xu Zheng, the founder of Chinese fresh grocery e-commerce company Missfresh, which is caught up in a mounting capital crisis, has said that the firm is now intensively pushing forward a business restructuring plan.
9/6/20223 min read
Chinese Integrated Circuit Maker Tsinghua Unigroup Finalizes Strategic Investors; Refuses Alibaba
On December 10th, heavily indebted integrated circuit maker, Tsinghua Unigroup, finalized its circle of strategic investors under the supervision and guidance of the court.
12/13/20214 min read