The struggling clothing retailer New Look may be forced to put itself up for sale in order to complete a rescue refinance. New Look, which has 500 stores, will hand bondholders up to 92% of the company in return for reducing its 1.35bn debt pile to about 500m. The company closed 85 stores last year…
NEW YORK–(BUSINESS WIRE)–Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Yangtze River Port and Logistics Limited (“Yangtze River” or the “Company”)(NASDAQ:YRIV) of the March 4, 2019 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. If you invested…
Ready to acquire Adhunik Metaliks, Maharashtra Seamless tells lenders Lenders to bankrupt Adhunik Metaliks (AML) on Thursday filed appeals before the Kolkata bench of the National Company Law Tribunal (NCLT) for providing additional time for completion of the insolvency resolution process, as they have received application from Maharashtra Seamless stating that it is ready to…
Administrators of Eastern Goldfields say their preliminary investigations into the Michael Fotios-led company show it may have been trading while insolvent for as long as 15 months before its collapse in November. A report from Ferrier Hodgsons Martin Jones and Andrew Smith shows the company could have fallen into insolvency as early as August 2017,…
KOLKATA: State Bank of India has deferred the sale of Essar Steels Rs 15,431 crore loans to February 11 on poor investor response even as the delay in companys insolvency resolution process was criticised by ArcelorMittal, which has been declared the highest bidder by its lenders. SBI, which has the largest exposure in Essar Steel,…
NEW YORK, Jan. 24, 2019 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Yangtze River Port & Logistics Limited (Yangtze or the Company) ( YRIV) Investors are advised to contact Robert S. Willoughby at [emailprotected] or 888-476-6529, ext. 9980. The investigation concerns whether Yangtze and certain of its officers and/or…
NEW YORK–(Business Wire)–Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Yangtze River Port and Logistics Limited (“Yangtze River” or the “Company”)(NASDAQ:YRIV) of the March 4, 2019 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. If you invested…
CASPER, Wyo. (AP) – A Colorado-based coal company going through bankruptcy proceedings has asked for permission to sell its mine in southwestern Wyoming. The Casper Star-Tribune reports a recent court filing shows Westmoreland Coal Co. requested to sell its Kemmerer mine by the end of February. The company declared bankruptcy in October with more than…
Jilan Moore (68) was the director of Beijing Dragon Catering Limited, the company that acted as the trading vehicle for three licensed restaurants across Lincolnshire known as The Beijing Dragon. Beijing Dragon Catering was incorporated in September 2007 and at the companys height, Jilan Moore ran three restaurants in Spilsby, Grimsby and Skegness with her…
Spliethoff Group has confirmed its purchase of five multipurpose (MPP) heavylift vessels from the fleet of bankrupt operator Hansa Heavy Lift (HHL). The Dutch MPP operator has acquired four 12,750-dwt F-type ships and one 20,100-dwt P-type for an undisclosed price. It is buying the vessels a month after the German company was declared insolvent with…