SINGAPORE: The judicial managers of Hyflux have filed an application with the Singapore courts to wind up the embattled water treatment firm. In a filing to the Singapore Exchangelate Friday (Jun 4) night, the judicial managers fromBorrelli Walsh, who were appointed in November last year, said a restructuring is not possible after talks with an…
The revised debt restructuring proposal for Religare Finvest Ltd (RFL) has entered the final stage with lead lender State Bank of India giving its preliminary nod for the rejig. RFL, an NBFC arm of Religare Enterprises Ltd, has been barred from undertaking fresh business as it is under corrective action plan of the Reserve Bank…
HONG KONG — With billions of dollars in aviation and other assets in play, creditors of China’s bankrupt HNA Group gathered online and in person for their first official meeting on Friday. The group’s restructuring likely has months or even years to go, with the meeting representing a key step forward in a process that…
Reference is made to earlier information provided regarding Prosafe SEs (Prosafe or the Company) ongoing financial process with its lenders. Prosafe is pleased to announce that it has received support from lenders of Prosafe SE and Prosafe Rigs Pte. Ltd. on a comprehensive and material restructuring of the financial indebtedness of the group (the Transaction).…
New research shows a marked increase among small and medium-sized businesses looking to restructure, though only 18 per cent of them plan on seeking out strategic planning assistance to help them navigate doing so. ScotPac on Wednesday released the results of its latest SME Growth Index which shows only 18 per cent of small business…
Share this article Liz Lee (Reuters) Kuala Lumpur, Malaysia Wed, June 2, 2021 2021-06-02 16:15 0 ef61debc7c9ec5e1a7dfe462b71fb817 2 Business Air-Asia,Malaysia,shareholders,restructuring,aviation-industry Free AirAsia X shareholders have approved the Malaysian budget airline’s debt restructuring, it said on Tuesday, allowing it to pursue a scheme it viewed as key to survival. Shareholders of the long-haul affiliate of AirAsia…
Shares in AirAsias long-haul unit jumped after the Malaysian airline said its investors had approved a restructuring plan that could pave the way for it to resume commercial operations when international borders reopen. AirAsia Xs stock closed 6.7 per cent higher in Kuala Lumpur on Wednesday, a day after the airline said shareholders had approved…
Share this article Liz Lee (Reuters) Kuala Lumpur, Malaysia Wed, June 2, 2021 2021-06-02 16:15 0 ef61debc7c9ec5e1a7dfe462b71fb817 2 Business Air-Asia,Malaysia,shareholders,restructuring,aviation-industry Free AirAsia X shareholders have approved the Malaysian budget airline’s debt restructuring, it said on Tuesday, allowing it to pursue a scheme it viewed as key to survival. Shareholders of the long-haul affiliate of AirAsia…
Firm accelerates expansion with completion of the acquisition of Deloitte’s UK Restructuring Services business NEW YORK and LONDON, June 1, 2021 /PRNewswire/ — Teneo, the global CEO advisory firm, today announced the latest phase of its ongoing expansion by launching a global Restructuring business following the completion of its acquisition of the Restructuring Services business…
Beleaguered AirAsia X has gained shareholder approval to proceed with its corporate restructuring plan, as it reiterated its commitment to an operational restart as soon as possible. The shareholder approval, which took place at the airlines extraordinary general meeting on 1 June, comes as AirAsia X finalises negotiations with creditors on its restructuring process. The…