# restructuring
Latest news and articles about restructuring
Total: 4 articles found
From ‘TV King’ to Balance‑Sheet Crisis: Konka Warns of RMB125–156bn Annual Loss, Fuels Delisting Fears
Konka, a once‑dominant Chinese television maker, has warned of an RMB12.6–15.6 billion full‑year loss for 2025 driven by large fourth‑quarter impairment charges. The forecast has pushed the company toward negative net assets, raised delisting risks, and intensified governance probes following a recent state‑linked takeover.
Volkswagen Cuts One-Third of Executives and Reorganises Factories as China EV Shock Hurts Profits
Volkswagen is cutting a third of executives in its core brand cluster and consolidating factories into five production regions as part of a drive to save €1 billion by 2030. The measures respond to a sharp sales slowdown in China, steep declines in local EV volumes and tariff pressures in North America that have eroded profits and forced tougher restructuring.
Xibei’s Founder Abandons Personal Branding as Chain Braces for Heavy Losses and Store Closures
Xibei founder Jia Guolong said he will stop cultivating a personal brand and return to frontline operations as the group forecasts more than RMB 600 million in losses and prepares to close about 30% of its stores. New investors have increased the company's registered capital modestly, signalling both concern and continued faith in the chain’s underlying assets.
Zotye's Comeback Push: Mass Hiring Signals Ambition to Restart Car Production Amid Restructuring
Zotye Auto has launched a broad recruitment campaign for nearly 50 roles, a move tied to preparations to resume vehicle production after years of near‑hiatus following bankruptcy restructuring. Recent board changes and partial unwinding of frozen assets have improved the company’s funding outlook, but Zotye remains loss‑making and will need strategic capital and technological upgrades to mount a sustainable comeback.