Chinas US$60 billion chemical giant Sinochem Group is eyeing overseas merger and acquisition opportunities and plans to introduce strategic investors in three to five years for its business arms, according to company chairman Frank Ning Gaoning. The state-owned enterprise (SOE) will focus on bulk petrochemical and downstream products, develop high value-added materials and life science…
WITH the thought of owning your own home seeming like a distant dream to many young people, one Aussie mum has proven that paying off your mortgage doesnt have to fill you with dread. Heidi Farrelly is a preschool teacher and lives in Sydney with her 35-year-old husband Clinton and their seven-year-old daughter. They bought…
ST Lukes Anglicare has saved disadvantaged people more than $450,000 in debt waivers in Bendigo, Echuca, Mildura and Wangaratta in the last 10 months but they fear they are only just scratching the surface. The organisations financial counselling service has seen a drastic increase in the number of people facing financial stress due to interest on…
Air Berlin PLC (AB1.XE) has reported first-half results, but warned that they don’t provide a true or fair view of its financial situation. The airline said that the results cover the period in which it still had backing from Etihad Airways ETAIR …
SINGAPORE (Reuters) – Struggling commodities trader Noble Group agreed to sell its Americas-focused oil trading business to Vitol for about $580 million as part of a debt-cutting strategy, and warned of a big loss for its third quarter. The company logo of Noble Group is displayed at its office in Hong Kong, China January 22,…
October 23, 2017: Bhushan Steel shares rallied as much as 20 per cent on Monday as a media report said that ArcelorMittal has showed interest in buying the company. Global steel giant ArcelorMittal has evinced interest in buying debt-laden Bhushan Steel, which has been referred by the Reserve Bank of India for liquidation under the…
Accountant Myles Kirby of Kirby Healy Chartered Accountants was appointed as liquidator of Ebise Patrick Street Limited following a creditors meeting on September 11, papers filed with the Companies Office show. His role is to recover any assets available to discharge liabilities, and in addition to assess the conduct of directors prior to insolvency. Accounts…
DEBT-LADEN Mackay Sugar has put the sale of its profitable cogeneration plant on hold and will instead look for investors to help pay down its $200million debt. After reviewing six offers to buy the $120million plant the grower-owned company found that the potential buyers were interested in the whole company. The sale of the cogen…