Groupon Divests Malaysia Business, Restructuring On Track – Zacks.com

Daily deals provider Groupon Inc. (GRPN – Free Report) continues to exit international markets as a part of its restructuring plans. Fave platform developer KFit Group which acquired Groupon Indonesia in August recently acquired Groupon Malaysia. However, financial terms of the transaction were not disclosed. Last September, Groupon announced the restructuring plan under which it…

AMP life insurance head to depart – The Australian Financial Review

Pauline Blight-Johnston is set to leave AMP after three and a half years. (Photo by Christopher Pearce/Fairfax Media) Christopher Pearce The head of AMP’s troubled life insurance division will leave the listed wealth manager after three and a half years following a major restructuring of the executive team by chief executive Craig Meller. Pauline Blight-Johnston’s position…

Corporate leaders need cultural change on restructuring – Australasian Lawyer

While there has been an increase in Australian companies engaging with turnaround specialists, corporate leaders need to be more open to restructuring, Clayton Utz urges as it released its latest restructuring market report. In the From Red to Black report which looks at the state of the Australian restructuring market in FY16 and predictions for FY17,…

Viking Supply Ships AB Announces Equity Issues – Business Wire (press release)

SKÄRHAMN, Sweden–(BUSINESS WIRE)–Regulatory News: Viking Supply Ships AB (OSE:VSS01)(STO:VSSAB) strengthens the groups financial position in accordance with the agreement on financial restructuring; announces fully guaranteed rights issue of approximately MSEK 207 as well as a directed share issue and offset share issues together corresponding to approximately MSEK 141. This press release may not be disclosed, published or…

Finance minister reaffirms relentless push for corporate restructuring – Yonhap News

SEOUL, Nov. 25 (Yonhap) — South Korea’s top economic policymaker said Friday that the government will continue its push to restructure ailing sectors such as shipbuilding and shipping in order to help Asia’s fourth-largest economy take another leap in the future. “The government has been implementing corporate restructuring schemes as they are not an undeniable…

Gov’t vows to speed up corporate restructuring – Hellenic Shipping News Worldwide

The government will order three warships worth 3.2 trillion won ($2.7 billion) next month to help shipbuilders survive plunging global demand. It also vowed to prepare detailed action plans to strengthen the competitiveness of the shipbuilding, shipping, steel and petrochemical industries. Corporate restructuring is a difficult process that takes a long time. We can reach…

Gov’t vows to speed up corporate restructuring – Korea Times

The government will order three warships worth 3.2 trillion won ($2.7 billion) next month to help shipbuilders survive plunging global demand. It also vowed to prepare detailed action plans to strengthen the competitiveness of the shipbuilding, shipping, steel and petrochemical industries. “Corporate restructuring is a difficult process that takes a long time. We can reach…