That's sad. I didn't know TokyoPop went out of business. That's too bad. But, so, they are making it english?
They don't exist as a manga publisher in the US. They still have operations as a a news/blog thing in the US and in other countries I believe they still publish/distribute manga. I haven't kept up with them since they couldn't tell us what companies would pick up their dropped series.
Since there has been no word on another manga publisher/distributor for the manga (it was dropped some years ago, ample time for it to have been picked up), it should be assumed it won't. Not now when there hasn't even been a new volume for KH2 in a very long time.
No company is going to pick up a series that is on a hiatus since there is no guarantee there is going to be another volume anytime soon.