Jeil M&S restructuring plan wins court approval in South Korea
Bitget2026/10/12 09:33- Suwon Rehabilitation Court confirmed Jeil M&S’s reorganization plan on Oct. 8, 2026, clearing the company’s restructuring blueprint.
- Plan centers on large-scale debt-to-equity swaps, with many secured and unsecured claims converted at 89.79% or more.
- Cash repayments focus on smaller residual portions for most claims, with some lenders slated for full cash repayment at maturity.
- Equity structure to be reset via a 21-for-1 share consolidation, with different ratios for the CEO and small shareholders.
- Company to issue 31,000,000 new common shares in a paid-in capital increase to FG Investment No. 3, an SPC set up for the deal.
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