One killer confesses A gambler has been found beaten to death in a Macau guesthouse, allegedly over unpaid casino debts, reports the Macau Times. The unnamed victim, aged 40, had been held captive at the boarding house by three loan sharks, who had loaned him HKD50,000 ($6,373; 4,863). When the man lost all the cash…
May 06, 2019 Newsdesk Latest News, Macau, Top of the deck   A mainland Chinese gambler was found dead in what was described as a guest house in downtown Macau peninsula on Friday. He is thought to have been severely beaten by suspected loan sharks over a purported gambling debt of HKD50,000 (US$6,373), according…
CTI Foods (CTI or the Company), a leading custom foodservice manufacturer supplying top U.S. restaurant chains and branded food companies, today announced that it has successfully completed its financial restructuring and emerged from Chapter 11. Through the expedited eight-week process, CTI has reduced its debt by more than $400 million and is moving forward with…
The Supreme Court recently struck down the Reserve Bank of India Circular dated 12 February 2018 (RBI circular), which directed banks to mandatorily initiate corporate insolvency resolution process (CIRP) for defaulting companies with loan exposure of more than 20 billion (US$290 million) where restructuring efforts failed. The lenders were directed to file applications singly or…
May 06, 2019 Newsdesk Latest News, Macau, Top of the deck   A mainland Chinese gambler was found dead in what was described as a guest house in downtown Macau peninsula on Friday. He is thought to have been severely beaten by suspected loan sharks over a purported gambling debt of HKD50,000 (US$6,373), according…
Toy retailer Build-A-Bear Workshop Australia has been saved from collapse, following a creditors meeting on the future of the business. In a brief statement, the retailers CEO, Gavin Port, said that a Deed of Company Arrangement had been approved by creditors, which will see Build-A-Bear Workshop continue to trade and will save 200 local jobs…
Blockchain startup SETL completes corporate restructuring programme Troubled blockchain startup SETL has completed its corporate restructuring programme, the company said in a press release dated May 03. Founded in 2015, SETL is an institutional payment and settlement infrastructure provider which uses blockchain technology. It raised $39 million till date and is backed by Citi, Deloitte,…
Adelaide Monday May 06, 2019 Sharkie office in touch with volunteer after Downer stalking charge Touch Of The Fumbles: Glass Half Full Adelaide United into A-League semi-final Protest over Shed 26 as Grand Designs host joins campaign Through the lens: the changing streets of Norwood An SA-based residential cons… Read the full article at: https://indaily.com.au/news/business/2019/05/06/supreme-court-winds-up-sa-based-homebuilder/
The ambitious large scale solar and battery storage developer Lyon Infrastructure says it has placed one of its units into voluntary administration following a legal spat with one of its investors but insists its broad plans will still go ahead. In a statement on Monday, in response to enquiries by RenewEconomy, Lyon said it had…
A former business liquidator has been sentenced to seven years jail time after he was found to have committed three counts of fraud during the liquidation of a company in 2017. As part of an investigation by the Australian Securities and Investments Commission (ASIC), the Queensland-based liquidator was sentenced on Friday after it was found…