Flowers formed Acuon through the acquisition and successful merger of three lending businesses in South Korea: Acuon Capital, formerly KT Capital, acquired in August 2015; Doosan Capital, acquired in October 2015; and Acuon Savings Bank, formerly HK Savings Bank, acquired in July 2016.
Summary: Mumbai (Maharashtra) [India] May 30 (ANI/NewsVoir): Eight Capital, a distressed and special situations investment manager focused on investing in India, and Emso Asset Management, a London and New York based emerging markets fixed income asset manager, announced today that they have acquired Ambit Capital's stake in Ambit Flowers Asset Reconstruction Company, to be renamed J.C.
Flowers Asset Reconstruction Company ("JCFARC") upon completion of the transaction.
Following the January announcement that it would (https://www.ibtimes.com/jc-penney-store-closings-everything-you-need-know-2750498) close three stores, (https://www.ibtimes.com/jc-penney-update-will-retailer-turn-it-around-2769664) J.C.
Penney ((https://finance.yahoo.com/quote/JCP?p=JCP&.tsrc=fin-srch) JCP ) is set to close an additional 27 stores throughout the year.
Author Contributions: Concept - J.C.
, T.S., S.R.; Design - J.C.
, T.S., F.G., S.R.; Supervision - J.C.
, T.S., M.L., F.G., H.P., S.R.; Resources - J.C.
, T.S., S.R.; Materials - J.C, T.S., F.G., S.R.; Data Collection and/or Processing - J.C.
, T.S., M.L., F.G., H.P., S.R.; Analysis and/or Interpretation - J.C.
, T.S., M.L., F.G., S.R.; Literature Search - J.C.
, T.S.; Writing Manuscript - J.C.
, T.S., M.L., F.G., H.P., S.R.; Critical Review - J.C.
, T.S., M.L., F.G., H.P., S.R.