News Formal

7digital Grows Annual Revenues But Still Needs $5.5 Million Investment to Survive

  • 📰 billboard
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

London-based digital services company 7digital faces the possibility of going into administration -- a process similar to chapter 11 bankruptcy -- unless it can raise 'at least' £4.5 million in additional funds by the end of July.

CFO in April and they immediately carried out an urgent review of the business. In June, a consortium led bybecame majority shareholders in 7digital, acquiring outstanding loans of £600,000 and investing £1.3 million in capital. Both Koch and Lazarus are due to join 7digital’s board of directors shortly and are committed to making further funds available for the business, says 7digital.

"Tamir and David have an exciting vision for the music industry and see 7digital as playing a key role. As such, they have expressed a strong desire to invest further funds to stabilise the business and enable 7digital to execute its new enterprise strategy," Aalbers went on to say. "Our vision is to become the leading supplier of B2B music streaming solutions globally," states the document, identifying expansion into new markets as one source of potential growth.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 112. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Investment the key for future Dutch success, says World Cup coachThe future of the Netherlands women's football team looks bright after the ... 😘 Also not playing the USA every one WANTS MONEY,MONEY,MONEY.
Source: Reuters - 🏆 2. / 97 Read more »

Democrat Buttigieg announces minority-focused small business investment planJoining several other Democrats targeting black voters this weekend with economi... screw struggling white small businesses eh PeteButtigieg? TuckerCarlson 😐 Let the pandering continue!
Source: Reuters - 🏆 2. / 97 Read more »

Factbox: Deutsche Bank takes an axe to investment bankDeutsche Bank said on Sunday that it would make major cutbacks to its investment... :D böyle bişey oluyor işte zihinde o bana ben ona pazıl gibi bişey falan🖕😛🖕 True statement everything Trump touches DIES. More investigations to come with Trump, Retired Justice Kennedy’s son, Jared Kushner & Russia Money Laundering.
Source: Reuters - 🏆 2. / 97 Read more »