People in Business – Chron.com
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LUKOIL restructured foreign business – APA
LUKOIL restructured its subsidiary LUKOIL overseas, which manages the mining assets of the company abroad, told Izvestia head of the oil company and its co-owner Vagit Alekperov. According to him, the foreign daughters was allocated three largest asset management centre in Dubai, Houston and Tashkent. “Almost all completed. We now have three separate regions: Houston,…
Company Briefs: Addvalue Technologies, Companies & Markets … – The Straits Times
Addvalue Technologies A unit of mainboard-listed communications technology firm Addvalue Technologies said yesterday that it has successfully completed a year of testing a terminal in space. The terminal uses what it calls an inter-satellite data relay system to communicate with satellites in low earth orbit, the zone manned space stations and most satellites operate in.…
COSCO remains uncertain on securities prices amidst shipyard restructuring – Hellenic Shipping News Worldwide
A new company, COSCO Shipping Heavy Industry Co., Ltd, has been established by China COSCO Shipping Corporation group as it proceeds with the restructuring of its shipyard business, according to a media release at the SGX. China COSCO Shipping Corporation said that the shipyard business restructuring is geared towards centralising operations and management of the…
COSCO remains uncertain on securities prices amidst shipyard restructuring – Singapore Business Review
Trading suspension might be underway. A new company, COSCO Shipping Heavy Industry Co., Ltd, has been established by China COSCO Shipping Corporation group as it proceeds with the restructuring of its shipyard business, according to a media release at the SGX. China COSCO Shipping Corporation said that the shipyard business restructuring is geared towards centralising…
Rickmers noteholders reject debt restructuring plan – THE BUSINESS TIMES
[SINGAPORE] Rickmers Maritime, a Singapore-listed trust that operates container ships, said investors rejected a debt restructuring plan for its S$100 million note on Wednesday, prolonging uncertainty about its future. Rickmers is among a growing list of companies in Singapore that have been struggling to meet their debt commitments this year and have asked bondholders for…
COSCO remains uncertain on securities prices amidst shipyard restructuring – Yahoo News
Trading suspension might be underway. A new company, COSCO Shipping Heavy Industry Co., Ltd, has been established by China COSCO Shipping Corporation group as it proceeds with the restructuring of its shipyard business, according to a media release at the SGX. China COSCO Shipping Corporation said that the shipyard business restructuring is geared towards centralising…
Cosco Corp set for lengthy share trading suspension on shipyard restructuring – Seatrade Maritime News
Singapore-listed Cosco Corp (Singapore) looks set for a lengthy suspension from trading as it awaits the results of the restructuring of China Cosco Shippings shipyard business. Cosco Corp holds a 50% stake in Cosco Shipyard Group and halted its shares from trading on Monday morning following an announcement last Friday by China Cosco Shipping on…
LENSAR® Strategic Restructure in Partnership with PDL BioPharma, Inc. – Business Wire (press release)
ORLANDO, Fla.–(BUSINESS WIRE)–LENSAR, Inc. (LENSAR), a global leader in next generation femtosecond laser technology for refractive cataract surgery, announced the filing of a Chapter 11 bankruptcy petition on December 19, 2016 to reduce its debt, strengthen its balance sheet and strengthen its platform for future growth. The filing was made with support from PDL BioPharma,…