Chinese State-Run Dry Bulk Company Succumbs to Bankruptcy – Ship & Bunker

Bankruptcy

Zosco has been declared bankrupt by Hangzhou Intermediate Peoples Court. Chinese dry bulk shipping company Zhejiang Ocean Shipping (Zosco) has been declared bankrupt by Hangzhou Intermediate People’s Court, Chinese media reports. The news comes after Zosco’s principal, Zhejiang Transportation Investment Group (Zhejiang Transportation), i… Read the full article at: http://shipandbunker.com/news/apac/257784-chinese-state-run-dry-bulk-company-succumbs-to-bankruptcy

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ANZ refocuses Asia operations; sells retail, wealth arms; concentration on institutional – BlueNotes

Restructuring

ANZ will concentrate its resources on institutional banking in Asia with the sale of a portfolio of retail and wealth management assets to Singapore-based DBS. The banks chief executive Shayne Elliott told BlueNotes on video from Hong Kong the move followed an extensive review of ANZs mix of businesses in the region and was part…

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Restaurateur, ex-commando and paparazzo charged in Nice kidnap plot – 9news.com.au

Liquidation

Jacqueline Veyrac snatched last Monday while getting into her SUV (Source: Twitter) France on Sunday charged an Italian restaurateur, a homeless former British special forces soldier and a one-time paparazzi photographer over the kidnapping of a French hotel magnate, a prosecutor said. Jacqueline Veyrac, 76, the millionaire owner of the Michelin-starred La Reserve restaurant in…

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RBS small business allegation not backed by report – Financial Times

Restructuring

A long-awaited report into a unit of Royal Bank of Scotland has found no firm evidence that it deliberately pushed small businesses into bankruptcy for its own profit. An independent report ordered by the Financial Conduct Authority has scrutinised dozens of allegations about RBSs now-defunct Global Restructuring Group. But the most serious of these, that…

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New York REIT, Inc. Sets Stockholders Meeting Date of December 19, 2016 – PR Newswire (press release)

Liquidation

NEW YORK, Oct. 30, 2016 /PRNewswire/ — New York REIT, Inc. (“NYRT”) (NYSE: NYRT), announced today that its 2016 Annual Meeting of Stockholders (the “Annual Meeting”) to vote on the election of directors and to approve NYRT’s proposed plan of liquidation and dissolution, will be held on December 19, 2016 at a time and location…

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Samsung to speed up ownership restructuring – Korea Times

Restructuring

With Samsung Electronics Vice Chairman Lee Jae-yong joining the board of directors, the country’s largest conglomerate is expected to accelerate the reform of its corporate governance structure, which the market expects will not only help him inherit managerial control but also enhance shareholder value. Founded by Lee Byung-chul in 1938 as a trading company, Samsung…

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Samsung to speed up ownership restructuring – Korea Times

Restructuring

With Samsung Electronics Vice Chairman Lee Jae-yong joining the board of directors, the country’s largest conglomerate is expected to accelerate the reform of its corporate governance structure, which the market expects will not only help him inherit managerial control but also enhance shareholder value. Founded by Lee Byung-chul in 1938 as a trading company, Samsung…

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