April 17 (Renewables Now) – Carnegie Clean Energy (ASX:CCE) announced today that its creditors have accepted a restructuring plan to save the wave energy company and relist it on the bourse. The plan includes a capital hike of up to AUD 5 million (USD 3.6m/EUR 3.2m) and aims at restructuring the companys balance sheet and…
BURBANK, Calif.–(BUSINESS WIRE)–Apr 17, 2019–LBI Media, Inc. and its affiliates (LBI or the Company) today received approval of its Third Amended Plan of Reorganization (the Plan) from the United States Bankruptcy Court for the District of Delaware. The Company now expects to complete its balance sheet restructuring and successfully emerge from chapter 11 within the…
BURBANK, Calif.–(BUSINESS WIRE)–Apr 17, 2019–LBI Media, Inc. and its affiliates (LBI or the Company) today received approval of its Third Amended Plan of Reorganization (the Plan) from the United States Bankruptcy Court for the District of Delaware. The Company now expects to complete its balance sheet restructuring and successfully emerge from chapter 11 within the…
DUBAI, UAE, April 17, 2019 /PRNewswire/ –Following the independent reports that projected a boost of more than $30 billion in the UAE economy and numerous job openings, Sami Raja, CEO of Sami Raja Consultancy announced his complete support to SMEs and Entrepreneurs who are involved with the event. With numbers predicting a massive boom in…
By Davide Anghileri, University of Lausanne The Italian Revenue Agency has concluded that a sale stock in an Italian company in connection with a business restructuring is exempt from the financial transactions tax because the sale was exclusively aimed at changing the legal form of the entity that will hold the stake in the Italian…
Daily News View All News 16 April 2019 Specialist technology staffing company Parity Group (PTY: LSE) reported revenue for the year ended 31 December 2018 of 86.1 million, an increase of 2.7% compared with the same period last year. Adjusted pre-tax profit decreased by 48.7% to 850,000 last year due to costs related to the…
Water treatment firm Hyflux has filed a lawsuit against Indonesias SM Investments in the Singapore High Court, saying that the investor has repudiated on the rescue deal. The lawsuit was also filed to claim the S$38.9 million deposit. The lawsuit follows after Hyflux called off the rescue deal from SM Investments earlier this month on…
() has completed an $8 million capital raising as part of a proposed restructure of the companys black economic empowerment (BEE) equity participation. The raising is underpinned by a group of high-profile South African investors and has achieved accelerated compliance with the ownership aspects of the South African Mining 3 (MC3). Representing…
AUSTIN, Texas, April 15, 2019 (GLOBE NEWSWIRE) — Jones Energy, Inc. (OTCQX: JONE) (Jones Energy or the Company) today announced that the Company, consistent with its prior announcement on April 3, 2019 regarding the Companys entry into a comprehensive Restructuring Support Agreement with its First Lien and Unsecured Noteholders, voluntarily filed petitions for relief under…
* New holding company may not be 100 pct state-owned * Enedis capital could be opened to private investors (Adds detail) By Geert De Clercq PARIS, April 15 (Reuters) – French utility EDF will kick-off its restructuring plan with a May 28 board meeting to discuss plans for a partial renationalisation of the state-controlled utilitys…