Indonesia textiles giant Sritex in talks with investors to lease assets following bankruptcy – Reuters
Indonesia textiles giant Sritex in talks with investors to lease assets following bankruptcy Reuters Read the original article here
Coffee Day Enterprises Shares Hit 20% Upper Circuit for 2nd Consecutive Day
Zomato, the online food delivery platform announced a consolidated profit of Rs 36 crore for the second quarter ending in September 2023, propelled by robust growth in its revenue. In the same quarter of the previous financial year, the company had posted a loss of Rs 251 crore. During the current quarter, the revenue from…
Over 7,000 homebuyers hit by Ansal API’s bankruptcy
Lucknow: In 2008, Ajay Verma and his two relatives had invested Rs 1 crore to buy three flats in Sushant Golf City. Even after a long and agonising wait of 16 years, none of them got the flats. The officials of Ansal API — the developer handing the Sushant Golf City project — kept giving…
Ex-TVB actor Vinci Wong declared bankrupt after allegedly owing RM1.6mil
Hong Kong actor Vinci Wong has been declared bankrupt by the city’s High Court. Judge Jack Wong Kin-tong made the order against the 54-year-old on Tuesday (March 3), where the debtor was absent from the hearing. Wong, who served as the chairman of Tung Wah Group of Hospitals in 2018 and 2019, filed for bankruptcy in…
Indonesia’s Textile Giant Sritex in Talks with Investors to Lease Assets Following Bankruptcy
TEMPO.CO, Jakarta – Indonesia’s troubled textile firm PT Sri Rejeki Isman, or Sritex, is in talks with potential investors to take over assets under a lease scheme, the company’s curator said on Monday. Sritex was declared bankrupt at the end of last year as it struggled to service its debts, which reached $1.6 billion in June.…
Coffee Day Enterprises Stock Surges 20% After NCLAT Ruling: Rediff Moneynews
Coffee Day Enterprises stock soared 20% for the second consecutive day after the National Company Law Appellate Tribunal (NCLAT) overturned insolvency proceedings against the company. New Delhi, Mar 4 (PTI) Shares of Coffee Day Enterprises, parent company of Coffee Day chains, soared 20 per cent on the bourses for the second straight day on Tuesday…
Sritex, Indonesia’s Largest Textile Firm, to Shut Down Factories on Saturday
Solo. Indonesia’s textile giant Sri Rejeki Isman (Sritex) will cease all factory operations in Central Java on Saturday, following a bankruptcy ruling over its failure to repay debts. The shutdown of the country’s largest textile company will affect more than 10,000 workers across the province. The Supreme Court recently rejected Sritex’s appeal, upholding the Semarang…
Noida Sports City Scam Case: Allahabad HC issued Guidelines on Rights of Other Members of Consortium When one Member Goes Into Insolvency – taxscan.in
Noida Sports City Scam Case: Allahabad HC issued Guidelines on Rights of Other Members of Consortium When one Member Goes Into Insolvency taxscan.in Read the original article here
High Court declares actor Vinci Wong bankrupt without opposition
Hong Kong actor Vinci Wong Yin-chi, who filed for bankruptcy last year, was officially declared bankrupt by the High Court on Tuesday without opposition. Wong was sought by financial company Ego Finance for about HK$2.93 million in debt last December, the same month he filed for bankruptcy. During last month’s hearing, an Ego Finance…
Hong Kong actor Vinci Wong bankrupt after alleged HK$2.8 million loan default
Vinci Wong Yin-chi, actor and former chairman of Hong Kong’s oldest and largest charity, has been declared bankrupt. The 54-year-old filed for bankruptcy in December last year, just a day after a credit company sued him for allegedly defaulting on an unsecured loan of HK$2.8 million (US$360,046). High Court Master Jack Wong Kin-tong made the…