Hanwha's holding firm to hive off non-core businesses – Korea Economic Daily

Restructuring

HanwhaOcean’sdockyardinGeoje,SouthGyeongsangProvince Hanwha Corp., the holding company of South Koreas chemicals-to-defense conglomerate, will hive off wind power and offshore plant building operations to Hanwha Ocean Co., while separating its solar panel manufacturing business into Hanwha Solutions Corp., as part of the groups management efficiency efforts. The transfer of the businesses, worth 440 billion won ($327 million),…

Botswana Butchery steakhouses in Sydney, Melbourne and Canberra enter voluntary administration – Sydney Morning Herald

Liquidation

Advertisement Two years ago, the New Zealand steakhouse with an African name made an ambitious play for the Australian steakhouse market. Now the business is experiencing one of the biggest hospitality shake-outs of 2024. Save You have reached your maximum number of saved items. Remove items from your saved list to add more. Save this…

Hedge fund Bronte Capital shorts corporate debt as bankruptcies boom – The Australian Financial Review

Bankruptcy

Apr 4, 2024 9.11am Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? A volatile cocktail of decade-high insolvency rates and booming investor appetite has driven short-seller Bronte Capital to begin betting against corporate debt, hoping to cash in if the companies…

Kate Middleton's parents' business collapses with 326,000-dollar insolvency fees unpaid – Marca English

Bankruptcy

Kate Middleton‘s parents Carole and Michael were reportedly unable to pay the 326,838-dollar fees owed to an insolvency firm after their business collapsed, it has been reported. The Princess of Wales’ parents’ company Party Pieces went into administration with debts of 3 million dollars owed to their creditors. Kate Middleton explains what really happened to…