BOC’s restructuring exercise is aimed at seizing business opportunities under the China-advocated One Belt, One Road initiative. The Reuters photo shows Hong Kong Exchanges flag, Chinese national flag and Hong Kong flag outside the Hong Kong Stocks Exchange. KUALA LUMPUR: Bank of China Ltd (BOC) has kickstarted the restructuring of its Asean operations by selling…
DetailsSINGAPORE The sole breadwinner for her five schoolgoing children, Mdm Tan already struggles to manage the familys household expenses and bills with her monthly salary as an ad hoc sales promoter; she can hardly save for rainy days. But under a new Family Development Programme by the Methodist Welfare Services (MWS), the 34-year-old could receive…
DetailsHines Reit * Hines reit announces liquidation plan * Board of directors unanimously voted to approve a plan for liquidation and dissolution of company * Plan includes entering into agreement to sell 7 west coast office assets in a cash for $1.162 billion to affiliate of blackstone real estate * Plan includes hines reit entering…
DetailsHOUSTON–(BUSINESS WIRE)–Hines Real Estate Investment Trust, Inc. (Hines REIT” or the Company), one of three public non-listed REITs sponsored by Hines, announced today that its board of directors unanimously voted to approve a plan for liquidation and dissolution of the Company. The plan, which is subject to stockholder approval, takes advantage of the current strong…
DetailsBy Millie Thwaites For Daily Mail Australia Published: 01:54 EST, 2 July 2016 | Updated: 02:52 EST, 2 July 2016 1 View comments She was pictured looking downcast and flustered after being declared bankrupt on Thursday. But Brynne Edelsten, 33, looked ready to paint the town red while attending a cocktail party in Melbourne on…
DetailsBusiness Netherlands Liquor store Mitra declared bankrupt With reporting by Liam De Troch The court in Zutphen declared liquor store chain Mitra bankrupt on Thursday after a long period of financial difficulty. This means that 24 stores owned by Mitra are closing down and 144 employees may lose their jobs, NU.nl reports. The 24 stores were…
DetailsLyn Walcott had to move in with friends after lending money to boyfriend Martin Forster, 57, claimed he owned four jewellery shops and four houses But he never repaid any money and Mrs Walcott took her case to court He denies cheating and claims it will be proven that she owes him money By Mark…
DetailsNewly set up Bulgarian firm buys insolvent fertiliser plant Chimco for 6 mln euro – media Kritchanut/Shutterstock.com SOFIA (Bulgaria), June 30 (SeeNews) – Recently set up Bulgarian company Metachem Impex has acquired the assets of insolvent local fertiliser plant Chimco for 11.7 million levs ($6.65 million/6 million euro), Capital daily reported. Metachem Impex was registered on…
DetailsBabcock & Wilcox Enterprises (NYSE:BW) -9.6% premarket after cutting its 2016 earnings guidance and saying it will cut 200 jobs as part of a restructuring of its coal-fired power generation business. BW says its restructuring plan is a proactive measure to prepare for a projected reduction in U.S. coal generation, as it anticipates U.S. coal…
DetailsJune 28, 2016 08:30 AM Eastern Daylight Time CHARLOTTE, N.C.(BUSINESS WIRE)Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW) today announced actions to proactively restructure its traditional power business in advance of a lower projection for U.S. coal generation and has updated guidance for 2016 to reflect: These changes will allow us to continue to provide outstanding…
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