SHANGHAI China Huishan Dairy Holdings, the Hong Kong-listed firm targeted by short sellers, including Muddy Waters Capital, is preparing for provisional liquidation in a move that could protect its assets as it negotiates with creditors. The firm had told its Cayman legal advisers to make the preparations, it said in a Hong Kong stock exchange…
ATM operator Stargroup, which had plans to convert its some of its machines to digital currency Bitcoin, is trading as normal despite going into administration. This week Richard Tucker and John Bumbak of insolvency experts KordaMentha Restructuring were appointed as receivers and managers. The companys latest annual report showed debt of $9.1 million. Today Goldfields…
November 20, 2017 20:50 ET | Source: Quest Rare Minerals Ltd. MONTREAL, Nov. 20, 2017 (GLOBE NEWSWIRE) — Quest Rare Minerals Ltd. (the “Company” or “Quest”) announced that on November 16, 2017, the Superior Court of Québec granted Quest Rare Minerals motion for an extension of the delay to file a proposal pursuant…
The logo of BYD is seen on a car presented at the Auto China 2016 auto show in Beijing, April 29, 2016. [Photo/Agencies] China’s electric vehicle and battery maker BYD Co Ltd will restructure its businesses to increase competitiveness amid growing competition from rivals. Through the effort, it aims to bring its sales revenue to…
A national coalition of Puerto Rican groups with heavy representation in Central Florida urged in Orlando Monday for Congress to offer full relief funding for the hurricane-ravaged island and for Florida and federal relief for evacuee housing in the Sunshine State. Joined at Acacias El Centro Borinqueño by U.S. Rep. Darren Soto, and Orlando…
Keypoint Law has appointed a new consulting principal in Melbourne as it moves offices in the city. Vaughan Hager has joined the firm from boutique firm Nick Stretch Legal, where he was partner for more than two years. Prior to that, he was a sole practitioner. Hes also served as a senior associate at Mills…
HONG KONG: Reliance Communications Ltd, the mobile phone operator that defaulted on dollar bonds last week in the highest-profile debt failure since the countrys new Bankruptcy Code was passed, faces risks of insolvency if it cant sell its assets at high enough valuations, according to SC Lowy Financial HK Ltd. We think the valuations they…
It is often called the “best loan you’ll ever get”. So should graduates try and put their money to work elsewhere? Or, should they pay down their student loans as quickly as possible? We asked one expert what you should prioritise. HELP debt facts HECS was renamed HELP in 2003 VET-FEE-HELP was introduced in…
Blair Nimmo named as global head of insolvency at KPMG 20 November 2017 From the section Scotland business Image copyright KPMG A Scot has been named as global head of KPMG’s insolvency division. Edinburgh-based Blair Nimmo has more than 30 years’ experience of corporate restructuring, including advisory and formal insolvency. He is also responsible for…
A man withdraws money from an ATM at a branch of Vietnam Prosperity Joint Stock Commercial Bank (VPBank) in Hanoi, Vietnam Nov 15, 2017. (Reuters photo) HANOI: Vietnam’s national assembly on Monday gave authorities the ability to declare troubled banks bankrupt, through an amendment to a law on the operation of credit organisations, the government…