CapitaLands headquarters on Robinson Road are home to one of Asias biggest privatisation schemes CapitaLands $15.9 billion plan to privatise its development operation and spin off its fund management business is set to go to shareholders next month after receiving approval from the board of Southeast Asias largest real estate business. This restructuring is a…
Academics, university staff and students, workers and youth took part in a lively online public meeting last Saturday to discuss the political issues posed by the historic government-management offensive against university jobs and conditions in Australia and internationally. Many questions were raised and answered about the need for a network of rank-and-file committees to fight…
Bill Ackmans special-purpose acquisition company has abandoned plans to buy a $4bn stake in Universal Music Group after a backlash from regulators and investors. The acquisition of a 10 per cent stake in Universal Music, home to artists such as Taylor Swift and Lady Gaga, will instead be done by the billionaires Pershing Square hedge…
SINGAPORE – Shares of CapitaLand were traded heavily on Monday (July 19) after the company filed notices for an extraordinary general meeting and a scheme meeting on the Singapore Exchange (SGX) the day before. CapitaLand is seeking shareholders’ approval for the privatisation of its real estate development business and listing of its fund management and…
Property giant CapitaLand’s restructuring plan is “fair and reasonable”, the independent financial adviser (IFA) in the deal said in a letter last Saturday. The company’s independent directors have thus recommended that shareholders give the green light to both a capital reduction exercise and a scheme of arrangement when they vote on the planned transaction next…
Iris Gonzales (The Philippine Star) – July 19, 2021 – 12:00am MANILA, Philippines Metro Pacific Investments Corp. (MPIC), the tollways and infrastructure conglomerate chaired by tycoon Manuel V. Pangilinan, is restructuring its logistics group to focus more on a certain part of the logistics supply chain. MPIC president and CEO Jose Ma. K. Lim told…
SINGAPORE (THE BUSINESS TIMES)- Property giant CapitaLand’s restructuring plan is “fair and reasonable”, the independent financial adviser (IFA) in the deal said in a letter on Saturday (July 17). The independent directors have thus recommended that shareholders green-light both a capital reduction exercise and a scheme of arrangement when they vote on the planned transaction…
Financial institutions are likely to exercise ‘Restructuring 2’ for stressed assets, in the absence of a moratorium, said HDFC Securities. Accordingly, HDFC Securities, expects banks to remain selective in restructuring stressed assets. “We believe that NBFCs (lender category) and the MSME sector (borrower category) are likely to witness the highest amount of restructuring,” the brokerage…
Westpac CEO Peter King said: We recognise many of our customers need assistance following the increased lockdowns across Australia. We want customers to know there are a broad range of options to help businesses and individuals through this challenging period. We are reminding customers that if they are facing financial difficulty, call us early so…
ATLANTA, GA / ACCESSWIRE / July 16, 2021 / Business operations worldwide were shrouded in uncertainty throughout 2020, as a series of unpredictable events unfolded throughout the course of the coronavirus pandemic. Business executives were forced to act quickly in order to adapt to changes within the supply chain, tailor to shifting consumer behaviors, and…