July 25 (Reuters) – Jack Ma-backed Ant Group (688688.SS) is planning a restructuring that will break off some non-core operations of its China financial-related business, Bloomberg News reported on Tuesday, citing people familiar with the matter. The Alibaba Group (9988.HK) affiliate is looking at excluding its blockchain, database management services and international businesses from a…
The insolvency restructuring market in China is undergoing significant transformations in terms of legislation, judicial practice and law enforcement. The momentum of these changes accelerated notably in 2022, propelled by a combination of factors, including: The persistent macroeconomic environment; Chinas pandemic prevention and control policies; and The governments heightened emphasis on optimising the business environment.…
Corporate insolvencies have risen by almost a third with 329 businesses closing their doors in the first six months of 2023. According to the latest insolvency statistics by Deloitte, the figure points to a return to 2019 levels, prior to the implementation of government supports for businesses during the pandemic. In addition, the increase in…
Nick Pike The new owner of Purplebricks has appointed restructuring specialist Nick Pike to its board of directors. The intention to appoint an additional director to the board of the company, to assist Dominique Highfield, and to provide additional experience in business transfers and company dissolutions, was stated in the Companys Circular to shareholders dated…
Purplebricks and its new owner Strike has bolstered the board with an experienced restructuring specialist. Dominique Highfield, CFO, Purplebricks Nick Pike (main picture) will work with existing CFO Dominique Highfield, providing additional experience in business transfers and company dissolutions. Highfield was the only senior manager to stay on after Purplebricks was purchased for 1 by…
Jul 25, 2023, 9:33pmUpdated 7h ago By: News 12 Staff If you find yourself struggling with debt and lower credit scores, youre not the only one. Right now, Americans hold an estimated $17 trillion in debt, which had led to the popularization of so-called debt consolidation companies. But in this Turn To Tara investigation, News…
Homeowners and tradies have been left reeling by the news that yet another construction firm has collapsed, leaving them thousands out of pocket. On Monday, NSW building company Allura Homes Pty Ltd went into liquidation. The firm, which was based on Sydneys lower north shore in Lane Cove, had 39 residential projects underway, which have…