(Yicai) Nov. 8 — The Peoples Bank of China will provide emergency liquidity support to areas with heavy debt pressure when necessary to help local governments solve debt risks, according to the governor of Chinas central bank. The PBOC will cooperate with related government agencies and local governments to offer financial support for the stable…
Nov 8, 2023 5.50pm A builder and kitchen renovations company servicing Melbournes leafy inner-eastern suburbs have added to the growing list of construction insolvencies hitting boutique companies servicing wealthy clients. Builder Warwick Constructions went into administration in late October, followed four days later by fellow Hawthorn East-based renovations business Ultimate Kitchens & Bathrooms, when director…
WeWork spaces remain open and operational and the Company will continue to provide its signature member experience Company enters into Restructuring Support Agreement with strong support from key financial stakeholders to drastically reduce its existing funded debt NEW YORK, November 07, 2023–(BUSINESS WIRE)–WeWork Inc. (NYSE: WE) (“WeWork” or “the Company”), the leading global flexible space…
It comes after a perfect storm” of economic issues led to the highest third quarter (Q3) of corporate insolvency figures in more than two decades. Garry Lee, regional chair of the UKs insolvency and restructuring trade body R3, said: Trading conditions are tough right now. People are worried about money and reluctant to spend on…
ASIC has disqualified Mohamed Aly Ismail Khalaf of Condell Park, NSW, from managing corporations for five years due to his involvement in the failure of three companies. Between 29 July 2013 and 16 September 2019, Mr Khalaf was an officer of three companies that entered liquidation: Qld Protection Security Pty Ltd (ACN 165 047 110);…