Tag: <span>bankruptcy protection</span>

Home bankruptcy protection

SoftBank Group’s stock price plummets as satellite operator OneWeb files for bankruptcy protection

On the morning of March 30, Beijing time, according to foreign media reports, satellite operator OneWeb filed for bankruptcy protection, and the company became one of the first companies invested by Softbank Group to seek bankruptcy protection from the court. The stock price plummeted 10%. Previously, due to high costs and fierce competition, OneWeb experienced...