BRIEF-Business-Intelligence of Oriental Nations halts asset restructuring plan – Reuters

Restructuring

May 22 Business-intelligence Of Oriental Nations Corp Ltd * Says it halts asset restructuring plan Source text in Chinese: bit.ly/2qb0vs0 Further company coverage: (Reporting by Hong Kong newsroom) ‘); $(‘.second-article-divide’).append($(‘.slider.slider-module’)); $(‘.third-article-divide’).append(‘ Also In IT Services & Consulting ‘); var median = (relatedItemsTotal / 2); var $relatedContentGroupOne = $(‘.related-content.group-one ul’); var $relatedContentGroupTwo = $(‘.related-content.group-two ul’); $.each($relatedItems,…

Keeping pace with global trends in debt restructuring: Indonesia must act – Jakarta Post

Restructuring

In the past year, the global corporate default rate reached its highest level since the 2008 financial crisis, and continues to climb. In response, both Singapore and the European Union are exploring new approaches to debt restructuring inspired by Chapter 11 of the United States Bankruptcy Code, which has successfully revived corporations like Chrysler and…

RP Sanjiv Goenka Group announces restructuring of flagship CESC Ltd – ETEnergyworld.com

Restructuring

KOLKATA: RP Sanjiv Goenka Group on Thursday announced the restructuring of its flagship company CESC Ltd by splitting it into four companies. Group chairman Sanjiv Goenka said power utility CESC is being split into four companies by way of ‘mirror image’ demerger for value unlocking and focused management on each of the verticals. Elaborating further,…

General Motors Restructuring International Markets To Strengthen Global Business – Automoblog.net (blog)

Restructuring

General Motors has announced key restructuring actions for its international business to increase overall financial health. The move comes as GM is looking to focus capital and resources on opportunities expected to yield higher returns, according to a press release from the automaker. As the industry continues to change, we are transforming our business, establishing…

RP-Sanjiv Goenka Group to restructure CESC, company to split into four – Firstpost

Restructuring

Power utility CESC Ltd, a flagship company of RP-Sanjiv Goenka Group, on Thursday announced a business restructuring scheme based on demerger of certain existing businesses. “This (the restructuring scheme) will lead to four entities focusing on generation, distribution, organised retail and other ventures,” Group Chairman Sanjiv Goenka said. All four entities will be listed with…