Liquidation of VA TECH WABAG (HONG KONG) LIMITED, Hong Kong – step down subsidiary of the Company – Hindu Business Line

June 8, 2016:   VA Tech Wabag Ltd has informed BSE that consequent upon liquidation of its wholly owned subsidiary, Beijing VA Tech Wabag Water Treatment Technology Co. Ltd, China, VA TECH WABAG (HONG KONG) LIMITED, Hong Kong, a subsidiary of VA Tech Wabag (Singapore) Pte Ltd., is liquidated. Hence, VA TECH WABAG (HONG KONG) LIMITED,…

Why insolvency code and not stressed-assets funds can help banks fix bad loan woes – Firstpost

The Reserve Bank of India (RBI) governor, Raghuram Rajans disagreement in government banks taking majority stakes in the proposed stressed-assets funds is justified. Rajan is right because if a bank controls the stressed-asset fund, it would amount to receivables from the sale being transferred from the bank to the fund. What is more important to…

Almost 400 companies stung by Stonewood Homes’ demise – Stuff.co.nz

IAIN MCGREGOR/FAIRFAX NZ Almost 400 companies and contractors are owed nearly $20 million by Brent Mettrick’s failed Stonewood companies, a liquidator’s first report shows. Almost 400 companies and contractors are owed nearly $20 million by the failed Stonewood Homes companies.  The extent of the fallout created by the liquidation of Brent Mettrick’s founding franchise has been revealed in the…