At meeting held on 25 January 2021 The Board of Bannari Amman Spinning Mills at its meeting held on 25 January 2021 has approved for Corporate Debt Restructuring proposal under the Scheme “Resolution framework for COVID-19 related stress” as per the RBI Circular No.RBl/2020-21/16 DOR.No.BP.BC/3/21.04.048/2020-21 dt: 6.8.2020. Powered by Capital Market – Live News (This…
HOUSTON, Jan. 25, 2021 /PRNewswire/ –Diamond Offshore Drilling, Inc. (“Diamond” or the “Company”) today announced that it has entered into a plan support agreement with holders of over 70% of each of its senior unsecured notes and revolving credit facility loans regarding a financial restructuring transaction that will significantly deleverage the Company’s balance sheet and…
Moelis & Company to help swift reopening of UAE Exchange and other Finablr Group companies Image Credit: Ahmed Ramzan/Gulf News Dubai: The consortium of Prism Group AG (Prism) and Abu Dhabis Royal Strategic Partners (RSP) has appointed independent investment bank Moelis & Company to advise on the restructuring and transformation of the Finablr Ltd and…
Moelis & Company has advised a succession of leading international companies on corporate restructuring and transformation programmes in the UAE The acquisition will enable acquisitions to restart and secure the future of the group, which is a major provider of cross border financial services in the UAE The consortium of Prism Group AG and Abu…
This image provided by LG Electronics Inc. on Jan. 11, 2021, shows LGs new smartphone with a rollable display that was introduced at the companys press conference for CES 2021. SEOUL, Jan. 23 (Korea Bizwire) LG Electronics Inc. can improve its corporate value by restructuring its money-losing mobile business, analysts here said Saturday, as the…
LG Electronics can improve its corporate value by restructuring its money-losing mobile business, analysts here said on Saturday, as the South Korean tech giant can better focus on its future growth engines for the post-pandemic era. LG Electronics on Wednesday announced that its mobile communications (MC) unit is open to “every possibility” for its future…
Brazilian miner Vale said Jan. 21 that it will exit the coal market as part of its commitment to become carbon-neutral by 2050 and reduce 33% of its Scope 1 and 2 emissions by 2030. As a first step toward divestment of its coal business, Vale has signed a heads of agreement with Japanese company…
By Joo Kyung-don SEOUL, Jan. 23 (Yonhap) — LG Electronics Inc. can improve its corporate value by restructuring its money-losing mobile business, analysts here said Saturday, as the South Korean tech giant can better focus on its future growth engines for the post-pandemic era. LG Electronics on Wednesday announced that its mobile communications (MC) unit…
Highlights Vale to progress Moatize mine plan until buyer found Moatize has 22 mil mt/year coal production capacity London Brazilian miner Vale said Jan. 21 that it will exit the coal market as part of its commitment to become carbon-neutral by 2050 and reduce 33% of its Scope 1 and 2 emissions by 2030. Not…
Accountancy and business advisory firm Johnston Carmichael has strengthened its restructuring team with the appointment of Graeme Bain as an appointment-taking director. Mr Bain (pictured), a licensed insolvency practitioner, joined the company as a director in 2017, can now be appointed to oversee formal insolvency appointments. His progression comes after a 20-year career in restructuring,…