简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Aug 9 (Reuters) - WeWorks (WE.N) warning of a bankruptcy risk would not have an impact on its India
Aug 9 (Reuters) - WeWorks (WE.N) warning of a bankruptcy risk would not have an impact on its India unit, regional CEO Karan Virwani said on Wednesday.
New York-based WeWork, which was valued at $47 billion in 2019, on Tuesday raised \“substantial\” doubt around the continuance of its operations and warned of a possible bankruptcy.
WeWork India, which is backed and owned in majority by Indian real estate firm Embassy Group (EMBA.NS), said it was focused on growth with sustained profitability and the fundamentals of its business remain strong.
\“We ended FY 2022-23 with revenue of 14 billion Indian Rupees ($168.99 million), and 2.5 billion Indian Rupees ($30.18 million) in earnings,\” India CEO Virwani said.
($1 = 82.8440 Indian rupees)
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.