TEL AVIV, Dec 13 (Reuters) – Israel-based Teva Pharmaceutical Industries will unveil a restructuring plan on Thursday that will include layoffs, the Calcalist financial news website said on Wednesday. The plan includes closing its research and development centre in the coastal city of Netanya, selling its logistics centre in Shoham and laying off a third…
Shanghai: JunHe nabs corporate partner from Kobre & Kim | Asian Legal Business Shanghai: JunHe nabs corporate partner from Kobre & Kim Chinese firm JunHe has hired Jin Xinghui as a corporate partner in the Shanghai offic… Read the full article at: http://www.legalbusinessonline.com/appointments/shanghai-junhe-nabs-corporate-partner-kobre-kim/75194
Noble Group Ltd. is talking to creditors about a conventional restructuring that includes a debt-for-equity swap, according to people familiar with the talks, changing tack from an earlier proposal as the commodities trader tries to secure its survival. After talks in Hong Kong last week, the commodities trader is expecting a proposal from its creditors to…
To facilitate the restructuring, the Company and its subsidiaries have filed voluntary petitions under Chapter 11 in the United States Bankruptcy Court for the District of Delaware. Charming Charlie expects to operate the majority of its stores and its website as usual during the court-supervised process. Subject to Court approval, the Company also intends to…
Hewlett Packard Enterprise has removed layers of management in Australia and worldwide in a bid to flatten its structure, reduce complexity and lean more heavily on partners. The sweeping changes include shedding two tiers of its global leadership, breaking up the Asia Pacific & Japan region and merging its channel and alliance teams into a…
HOUSTON, Dec. 11, 2017 /PRNewswire/ — Charming Charlie (the “Company”) today announced that in continuation of its efforts to stabilize its business, the Company has entered into a Restructuring Support Agreement (“RSA”) with a majority of its Term Loan Lenders and Equity Sponsors. The RSA provides for a comprehensive financial and operational restructuring that will significantly…
SINGAPORE, Dec. 12, 2017 /PRNewswire/ — 1. Introduction 1.1 The Board of Directors (the “Board“) of EMAS Offshore Limited (the “Company” and together with its subsidiaries, the “Group“) refers to the announcements made on 31 August 2017, 4 September 2017 and 26 September 2017 (“Previous Announcements“). Unless otherwise defined, terms used in the Previous Announcements shall…
GNC Holdings Inc.s financing problem has gone from business still pending to urgent. The clock is ticking for the health-product retailer after it tried in vain three times to refinance its debt. Not only does GNC have debt that begins to fall due in less than nine months, it could face questions as soon as March…
Vik Bansal, the chief executive of the $2.5 billion waste management company Cleanaway, says it will take at least two years to “fully digest” rival Toxfree as it adds an extra 895 waste collection vehicles and expands in medical waste management with a buy-out. Cleanaway, which is already Australia’s biggest waste management company with more than 3,000…
Drone engine maker Orbital has set up shop in the US, across the river from their biggest customer. The Perth-based business (ASX:OEC) has leased a section on the Hood River in Oregon from where it plans to fully launch itself into the US tactical drone market. On the other bank is Insitu, a subsidiary of…