by Krystal Chia and David Yong Noble Group plans to introduce the schemes of arrangement that underpin its restructuring this week, a key step in the creation of a new company that senior creditors signalled will hold to the highest standards of corporate governance after a drawn-out crisis. The schemes, which buttress the $US3.5 billion ($4.9…
17 September 2018 German yacht builder saved from administration by private equity fund. German yacht builder Bavaria Yachtbau has been bought out of administration by a private equity fund based in Berlin. The manufacturer went into voluntary administration earlier this year and has since been looking for new backers. In a statement released on the…
Dive Brief: Sanofi will give its business in China a more prominent billing in how it presents financial results, highlighting the growing importance of the country’s pharmaceutical market to the French drugmaker. In an organizational restructuring announced Thursday, two of Sanofi’s five “global business units” will be recast to more clearly split operations in mature…
Xiaomi founder and chief executive Lei Jun on Thursday told staff that the firm would be undergoing an internal restructuring to strengthen the different functions and help develop younger talent. The Xiaomi restructuring includes the creation of two new departments an organisation department that oversees hiring, promotion and training, as well as a strategic advisory…
Adcorp Australia Limited (ASX: AAU) is going forward with the business restructuring and capital raising program as per the official announcement. The company is aiming to raise $3 Mn through fully underwritten 3 for 2 renounceable pro rate entitlement offer. The company would issue 273,044,709 new fully paid ordinary Adcorp shares at a price of…
LOS ANGELES, Sept. 12, 2018 (GLOBE NEWSWIRE) — B. Riley FBR, Inc. (B. Riley FBR), a leading full service investment bank and wholly-owned subsidiary of B. Riley Financial, Inc., announced today that Alex Rohan has joined the firm as a Senior Managing Director in its Corporate Restructuring division. Rohan brings over 25 years of investment…
Solomon Lew says the board of directors of Myer is an absolute disgrace. His Premier Investments, the largest shareholder in Myer, wants the board replaced. Lew says the banks are now in control of Myer after the department store refinanced. Billionaire retailer Solomon Lew has prepared a report card on Myer, the ailing department store…
LOS ANGELES, Sept. 12, 2018 (GLOBE NEWSWIRE) — B. Riley FBR, Inc. (B. Riley FBR), a leading full service investment bank and wholly-owned subsidiary of B. Riley Financial, Inc., announced today that Alex Rohan has joined the firm as a Senior Managing Director in its Corporate Restructuring division. Rohan brings over 25 years of investment…
R&Q Investment Holdings will undergo a corporate restructuring to create a newly named division, Accredited, which will contain its US and European programme management business. Accredited aims to provide high quality and fully licensed capacity for managing general agents and other counterparties in the US and Europe. According to R&Q, Accrediteds new name…
R&Q Investment Holdings will undergo a corporate restructuring to create a newly named division, Accredited, which will contain its US and European programme management business. Accredited aims to provide high quality and fully licensed capacity for managing general agents and other counterparties in the US and Europe. According to R&Q, Accrediteds new name…