Shares of CapitaLand were traded heavily yesterday after the company filed notices for an extraordinary general meeting and a scheme meeting on the Singapore Exchange (SGX) the day before. CapitaLand is seeking shareholders’ approval for the privatisation of its real estate development business and listing of its fund management and property investment arm. The shares…
In early July, the U.S. Education Department under President Joe Biden canceled nearly $56 million in student loan debt for some 1,800 borrowers, bringing the administration’s total to about $1.5 billion erased. While a win for many borrowers, it isn’t a sign that broad-based student loan debt forgiveness will necessarily come anytime soon, experts say.…
Despite becoming collateral damage in an alleged $400 million dollar fraud scandal, Autonomous Energy (AE) says it remains a viable business and is looking to emerge as smoothly as possible from a period of voluntary administration. In March this year AE was acquired by iuigis, one of several companies operated by Bill Papas, who is…
CapitaLands headquarters on Robinson Road are home to one of Asias biggest privatisation schemes CapitaLands $15.9 billion plan to privatise its development operation and spin off its fund management business is set to go to shareholders next month after receiving approval from the board of Southeast Asias largest real estate business. This restructuring is a…
Development follows an appeal by Bank of Maharashtra, a dissenting creditors. Matter is slated to be heard on September 9 TopicsNCLAT|NCLT|Videocon Industries BS Reporter | Mumbai Last Updated at July 19, 2021 16:40 IST The National Company Law Appellate Tribunal (NCLAT) has stayed the approval granted by the Mumbai bench of the National Company Law…
Financial creditors, including banks, realised Rs 2.45 trillion from approved resolution plans for 394 corporate insolvency resolution cases under the Insolvency and Bankruptcy Code as on June 30, Minister of State for Finance Pankaj Chaudhary said. Creditors got Rs 2.37 trillion through approved resolution plans of top 100 CIRPs, which is over 36 per cent…
Eleanor Temple, chair of insolvency and restructuring trade body R3 in Yorkshire and a barrister at Kings Chambers in Leeds Corporate insolvencies increased by 19% to 1,207 in June 2021 compared to Mays figure of 1,014, and rose 62.9% compared to June 2020s Personal insolvencies rose by 15.8% to 9,836 in June 2021 compared to…
By Adria Calatayud Flutter Entertainment PLC said Monday that it has completed a debt refinancing that will reduce its cost of debt and provide it with additional liquidity. The Dublin-based betting and gambling company estimates the transaction will result in interest savings of around 50 million pounds ($68.8 million) a year, based on its debt…
Bill Ackmans special-purpose acquisition company has abandoned plans to buy a $4bn stake in Universal Music Group after a backlash from regulators and investors. The acquisition of a 10 per cent stake in Universal Music, home to artists such as Taylor Swift and Lady Gaga, will instead be done by the billionaires Pershing Square hedge…
Academics, university staff and students, workers and youth took part in a lively online public meeting last Saturday to discuss the political issues posed by the historic government-management offensive against university jobs and conditions in Australia and internationally. Many questions were raised and answered about the need for a network of rank-and-file committees to fight…