CDL’s Sincere unit in China may undergo court-led restructuring – The Straits Times

Restructuring

BEIJING (BLOOMBERG) – Chongqing Sincere Yuanchuang Industrial, a cash-strapped Chinese developer owned by Singapore’s richest property family, may undergo a court-led restructuring after a bankruptcy application was filed against it, according to sources familiar with the matter. Sincere Property Holdings, the second-largest shareholder of Chongqing Sincere, is preparing to work with stakeholders and creditors on…

MACCO Restructuring Group Managing Director, Adam K. Joseph, Assumes Role as President, Nevada Chapter, of the Turnaround Management Association – Business Wire

Restructuring

HOUSTON–(BUSINESS WIRE)–Adam K. Joseph, Managing Director of MACCO Restructuring Groups Las Vegas, Nevada office (MACCO) has become the President of the Nevada Chapter of the Turnaround Management Association (TMA). The TMA is a professionally diverse organization with almost 10,000 members worldwide in 54 Chapters whose focus is corporate restructuring, renewal, and corporate health. The Nevada…

Sanjeev Gupta confirms financing of ‘prospective’ invoices – The Australian Financial Review

Restructuring

But Mr Greensill, who also refused to appear before the business committee, has acknowledged offering future receivables programs to clients. The committee had asked Mr Greensill to answer written questions on the nature of the schemes but is yet to release his response. The UKs Serious Fraud Office is investigating suspected fraud at GFG Alliance…

Restructuring Your Vietnam Company to Survive, Stabilize, and Succeed – Vietnam Briefing

Restructuring

As businesses learn to cope with the pandemic, investors can look to restructure their Vietnam operations to adapt and go beyond the health crisis. Businesses can take a number of actions to such as modifying their debt exposure, liabilities, and operations to limit financial harm and improve business viability. Vietnam Briefing explores some of these…

KPMG restructuring spin-out Interpath in talks over US tie-up with Conway MacKenzie – Financial News

Restructuring

KPMG restructuring spin-off Interpath has held early-stage talks with US restructuring business Conway MacKenzie in a bid to grow its international capabilities. Interpath broke away from KPMG UK in May in a management buyout backed by private equity firm HIG. Interpaths chief executive Blair Nimmo told Financial News that the firm had held exploratory discussions…