Singapore-listed Cosco Corp (Singapore) looks set for a lengthy suspension from trading as it awaits the results of the restructuring of China Cosco Shippings shipyard business. Cosco Corp holds a 50% stake in Cosco Shipyard Group and halted its shares from trading on Monday morning following an announcement last Friday by China Cosco Shipping on…
ORLANDO, Fla.–(BUSINESS WIRE)–LENSAR, Inc. (LENSAR), a global leader in next generation femtosecond laser technology for refractive cataract surgery, announced the filing of a Chapter 11 bankruptcy petition on December 19, 2016 to reduce its debt, strengthen its balance sheet and strengthen its platform for future growth. The filing was made with support from PDL BioPharma,…
Taipei, Dec. 19 (CNA) Shares of closing mid-sized carrier TranAsia Airways staged a strong rebound Monday, stopping 13 straight sessions of the 10 percent maximum decline, as investors have embraced high hopes that Far Eastern Air Transport Corp. () will step in to help the financially troubled TransAsia restructure its business, dealers said. TransAsia shares…
BOULOGNE-BILLANCOURT, France–(BUSINESS WIRE)–Regulatory News: The Extraordinary General Shareholders Meeting of SoLocal Group (Paris:LOCAL) which met on 15 December 2016 has approved all the resolutions required for the implementation of the revised financial restructuring plan presented by the Company. As announced, the Board of Directors of the Company will meet in the coming weeks to decide…
TORONTO–(BUSINESS WIRE)–Telehop Communications Inc. (TSX-V:HOP) announced it has agreed with its debenture holders to effect a partial conversion into common shares and reduce the interest rate on the remaining balance and extend the final maturity date. The particulars of the restructuring are as follows: 1. That effective December 31st, 2016, the interest rate on the…
TOKYO — Takata Corp.s selection of a bidder is running behind schedule as the shortlisted companies embark on a more thorough review of the airbag maker behind the biggest auto safety recall, people familiar with the matter told Bloomberg. The successful bidder may only be named sometime in the January-to-March quarter, the people said, asking…
Updated Dec. 15, 2016 10:21 a.m. ET A U.S. bankruptcy judge has approved the chapter 11 plan for the U.S. arm of Spains Abengoa S.A., a key element in the renewable-energy companys multibillion-dollar debt restructuring. Judge Kevin J. Carey of the U.S. Bankruptcy Court in Wilmington, Del., Wednesday signed off on the creditor-repayment plan for…
Takata Corp.s selection of a bidder is running behind schedule as the shortlisted companies embark on a more thorough review of the air-bag maker behind the biggest auto safety recall, according to people familiar with the matter. The successful bidder may only be named some time in the January-to-March quarter, the people said, asking not…
Bloomington, MN-based filtration firm, Donaldson Company, Inc. DCI has charted an impressive trajectory, with shares gaining 54.1% year to date, surpassing the Zacks-categorized Pollution Control Equipment & Services industry average of 47.2%. Donaldson entered fiscal 2017 on a high note, with fiscal first-quarter top line and bottom line estimates comfortably beating the Zacks Consensus Estimate.…
Bloomington, MN-based filtration firm, Donaldson Company, Inc. DCI has charted an impressive trajectory, with shares gaining 54.1% year to date, surpassing the Zacks-categorized Pollution Control Equipment & Services industry average of 47.2%. Donaldson entered fiscal 2017 on a high note, with fiscal first-quarter top line and bottom line estimates comfortably beating the Zacks Consensus Estimate.…