Brief: Quanergy To Facilitate Sale Of Business Through Voluntary Chapter 11 Process, Announces Leadership Changes
13/12/2022 12:15
Dec 13 (Reuters) - Quanergy Systems Inc QNGY.PK :
* QUANERGY TO FACILITATE SALE OF BUSINESS THROUGH VOLUNTARY
CHAPTER 11 PROCESS, ANNOUNCES LEADERSHIP CHANGES
* QUANERGY SYSTEMS INC - WILL FUND OPERATIONS AND EXPENSES
RELATED
TO CHAPTER 11 PROCESS WITH AVAILABLE CASH, NORMAL OPERATING CASH
FLOWS
* QUANERGY SYSTEMS INC - CONTINUES TO OPERATE AND MEET
CUSTOMER
NEEDS FOR POWERFUL AND AFFORDABLE SMART LIDAR SOLUTIONS FOR IOT
APPLICATIONS
* QUANERGY SYSTEMS INC - KEVIN KENNEDY, CHIEF EXECUTIVE
OFFICER,
WILL RETIRE EFFECTIVE DECEMBER 31, 2022
Source text for Eikon: ID:nBw1q50mba
Further company coverage: QNGY.PK
((Reuters.Briefs@thomsonreuters.com;))
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