Shares of Immune Pharmaceuticals Inc. IMNP, -5.36% slid 9% in premarket trade Monday, after the company unveiled a restructuring and said it has received notice from the Nasdaq that it is not…
DetailsA potential spin-off of Cytovia into a stand-alone company pursuing an independent path from Immune would provide several advantages: Allows current Immune investors to benefit from two distinct investment opportunities through proportional receipt of shares in Cytovia; Enables Cytovia to target new investors attracted to its specific oncology business profile and pursue distinct capital structures…
DetailsA free debt counselling service is set to continue helping adults and families in Northumberland, following the appointment of two new staff members. The Alnwick Christians Against Poverty Debt Centre, based at Alnwick Baptist Church, has appointed Neill Parker as centre manager, and Sue Smith, a debt coach. From this week, the centre will…
DetailsMany young Australians living overseas will soon find themselves in the sights of their home country’s tax authorities. Australian tax officials have been told to prepare for a campaign to recover student and trades training loans from graduates and trainees living and working all over the world. Going global: Tax Commissioner Chris Jordan. Photo: Wayne Taylor But ex-pats need…
DetailsA Tel Aviv court on Sunday approved selling High Q, one Israels oldest test-preparation companies, to London-based Global University Systems, just a week after the company had been forced into liquidation. Tel Aviv District Court President Jud… Read the full article at: http://www.haaretz.com/israel-news/business/1.785240
DetailsAnzac Day dawn service, 2016. Picture: Alastair Miller MANY will rise early to commemorate Anzac Day by attending a dawn service. Others will head to marches mid-morning, and some will get among the two-up. Heres our guide to whats happening where you are on Anzac Day, commemorating the 102nd anniversary of the Anzac landings at…
DetailsSINGAPORE – Viva Industrial Trust said on Sunday night (April 23) that facilities manager Jackson International Pte Ltd, which provides rental income support to Viva for Jackson Square, a light industrial building in Toa Payoh, has filed for liquidation. Viva does not expect the matter to have a material impact on its financials or distributions…
DetailsThe South Australian branch of the RSL has been placed into voluntary administration after struggling with rising costs and declining revenue. The veterans organisation says it decided to take the step at a board meeting last week, following a review of the SA branch’s troubled finances. The decision was then unanimously supported by the branch’s…
DetailsMalaysian offshore vessel builder and owner Nam Cheong is the latest Singapore-listed offshore firm to seek restructuring. In a statement to the Singapore Exchange Nam Cheong said it had taken steps to review options to restructure its business, which were part of ongoing measures to ride out the challenging market. Nam Cheong said it was…
DetailsA few years passed by and just when the exasperated lenders were struggling hard to make the resort pay back came the Insolvency and Bankruptcy Code (IBC) 2016. A well-known resort in Assam owed its corporate lenders just around Rs 30 lakh and didnt bother to repay even the relatively small amount despite several reminders.…
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