The e-commerce platform TMON has decided to temporarily postpone the official business reopening, which was scheduled for the 11th.
On the 6th, TMON stated that it has decided to delay the reopening schedule to as early as the end of this month. This decision is based on the need for the final conclusion of corporate rehabilitation procedures to ensure stable service provision.
TMON noted, 'Court approval is required for major decision-making processes until the conclusion of the corporate rehabilitation procedure,' adding, 'Under the current circumstances, there are restrictions on various contract procedures and active business activities necessary for the reopening, which is why the reopening schedule has been postponed until after the conclusion of the court's corporate rehabilitation procedure.'
TMON has been preparing for the reopening in cooperation with OASIS, which has been designated as the new acquirer after receiving the court's approval of the rehabilitation plan in June.
TMON anticipates that the corporate rehabilitation procedure will conclude within this month. The exact service resumption schedule will be announced later.
According to TMON, as of the 5th, 96.5% of the repayment amount and 94.9% of the number of creditors have been completed. The amounts for creditors who have not collected their repayment are separately deposited, and these creditors will be able to receive repayment later, the company explained.