©Bloomberg Masashi Muromachi, Toshibas chief executive Toshiba has warned of its biggest annual loss of Y550bn ($4.5bn) as a result of massive costs involved in slashing 10,600 jobs and streamlining its lossmaking businesses. Analysts said that a speedy execution of the restructuring measures unveiled on Monday will be critical to restoring investor confidence tarnished by…
IVRCL share price soared as much as 11 per cent in the early trade on Monday after the debt-laden infrastructure firm decided to split its engineering procurement construction (EPC) and assets business land and Build Operate Transfer (BOT) to float two separate companies. In a BSE filing, the company said the board has decided to…
Dec. 20, 2015 2:30 p.m. ET SEOULThe struggle to pull off what could be South Koreas biggest-ever stock listing is hitting obstacles, roiling plans to restructure one of the countrys most powerful conglomerates. At issue is the initial public offering of Hotel Lotte Co., a central member of the 81-company Lotte Group, which had 81…
December 18, 2015 MEXICO CITYMexican construction company Empresas ICA SA ICA -24.58 % B said Friday that it wont make a $31 million bond interest payment when its grace period expires at the end of the month. The company added it will seek to restructure its debt and operations in what could lead to Mexicos…
Clean Power Published on December 18th, 2015 | by Joshua S Hill December 18th, 2015 by Joshua S Hill Leading China-based solar PV manufacturer, Trina Solar, has announced it is restructuring the company by splitting it into two separate units. It has been an interesting week for Trina Solar,…
Clean Power Published on December 18th, 2015 | by Joshua S Hill December 18th, 2015 by Joshua S Hill Leading China-based solar PV manufacturer, Trina Solar, has announced it is restructuring the company by splitting it into two separate units. It has been an interesting week for Trina Solar,…
A U.K. court approved a debt restructuring at Spanish-based Codere SA, cementing Londons role as a legal hub for troubled companies worldwide. Judge Guy Newey ruled that the case fell within the courts jurisdiction. A preliminary ruling questioned whether Codere could restructure 1.2 billion euros ($1.3 billion) of bonds issued under New York law in…
… Read the full article at: http://www.prnewswire.com/news-releases/trina-solar-announces-restructuring-of-downstream-business-management-300194411.html
Toshiba Corp. is considering slashing several thousands of jobs worldwide as it aims to restructure its loss-making, television, personal computer and white goods businesses, sources close to the matter said Tuesday. The scandal-hit conglomerate is expected to solicit early retirements and to transfer workers, the sources said, adding that the company could unveil such plans…
Law firms and banks are adding staff to their restructuring practices from Houston to New York City to scoop up new business as oil prices sink near 11-year lows, pressuring energy companies to slash debt or file for bankruptcy. At least two investment banks and one law firm have bulked up their energy and restructuring…