This article first appeared in The Edge Malaysia Weekly, on August 2, 2021 – August 08, 2021. JOHOR Corp Bhd (JCorp), the state-controlled investment arm of Johor, is in the midst of a large-scale restructuring exercise, which entails a full-scale review of its existing business ventures, sources familiar with the matter tell The Edge. While…
SOURCE/ECONOMY Tencent denies laying off employees in short video business restructuring By Global Times Published: Aug 08, 2021 07:23 PM Douyin (left) and Weishi Photo: IC Chinese technology company Tencent denied market rumors that the company will lay off employees in a claimed business merger of its short video platform Weishi and Tencent Video amid…
GFG Alliance now have 85 initiatives in place which are positively impacting the bottom line at the Whyalla Steelworks, according to an update issued by Chief Restructuring Officer (CRO) Jim Stein. It comes as the company’s Restructuring and Transformation Committee (RTC) continues to work towards restructuring the business in the wake of Greensill’s collapse. Chairman…
With more than two decades of experience, Hyman focuses his practice on the representation of domestic and foreign lenders in connection with in-court and out-of-court workouts and restructurings in both large and middle-market transactions. He has vast transactional experience representing agents and other secured creditors in order to maximize their recoveries in all types of…
NEW YORK, Aug. 4, 2021 /PRNewswire/ —Crowell & Moring has expanded its Corporate Group in New York with the addition of partner Frederick “Rick” Hyman, a highly regarded financial restructuring and insolvency lawyer. With more than two decades of experience, Hyman focuses his practice on the representation of domestic and foreign lenders in connection with…
The University of Newcastle (UoN), located in the industrial city north of Sydney, recently released its 2020 Annual Report. The document points to how the governments and managements are exploiting the COVID-19 pandemic to accelerate the corporate restructuring of higher education, accompanied by an unprecedented assault on jobs and conditions for staff and students. The…
About 130 countries have agreed to the World Organization At least Tax, an idea approved by President Joe Biden. The lower tax is part of an international effort to avoid the tax of multinational corporations. The deal was announced last Thursday. It is an attempt to address the difficulties of the interconnected and growing online…
In addition, [there was] abandonment of content that was not completed including prime-time shows Australian Survivor, The Amazing Race Australia and Five Bedrooms, delays in the delivery of programming to third parties, and fewer original programs and live events airing on our broadcast networks. While production shutdowns, lower advertising and promotion costs and other cost-savings…
SINGAPORE -Keppel Corp has offered to take Singapore Press Holdings (SPH) private under ascheme which gives SPH a $3.4 billion value following the restructuring of its media business, it announced on Monday (Aug 2). Here is a recap of the recent developments for SPH, which publishes The Straits Times. Oct 13, 2020: SPH posts its…
SINGAPORE – Keppel Corp is proposing to acquire Singapore Press Holdings (SPH) through a privatisation offer after thehiving off of SPH’s media business. The offer, which values SPH at $3.4 billion, will see SPH delisted and become a wholly owned subsidiary of Keppel, the companies jointly announced on Monday (Aug 2). Keppels share of the…