Digital asset financial services company EQONEX has submitted a voluntary liquidation process in Singapore

2022-11-22 18:38:21

Collection

ChainCatcher news, Nasdaq-listed digital asset financial services company EQONEX stated in a filing with the U.S. Securities and Exchange Commission that its entity in Hong Kong, Diginex, has entered into a voluntary liquidation process, and it is expected that Eqonex Capital, located in Singapore, will also enter into voluntary liquidation.

Previously, on November 15, 2022, EQONEX announced: "There is significant uncertainty regarding the Group's ability to continue as a going concern and whether the Group's working capital is sufficient to meet its short-term financial obligations. To address these liquidity issues, the EQONEX Group has been negotiating with potential investors to obtain equity financing through the issuance of new shares and has been in discussions with Bifinity seeking (among other things) waivers of defaults and modifications to loan agreements. Unfortunately, the financing plan has not been successful." (source link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.