The agreement will make Jack Mas fintech giant subject to capital benchmarks similar to those for banks. Ant Group Co. and Chinese regulators have agreed on a restructuring plan that will turn Jack Mas fintech giant into a financial holding company, making it subject to capital requirements similar to those for banks. The plan calls…
Jack Mas Ant Group has reached a deal with Chinese regulators to restructure its business after they raised issues that halted its $37bn initial public offering last year, according to several people familiar with the situation. The proposed restructuring will involve Ant placing all of its major businesses, including its technology units, inside a financial…
HOUSTON–(BUSINESS WIRE)–Superior Energy Services (Superior or the Company) announced today that the Company has successfully completed its financial restructuring and emerged from Chapter 11, implementing the Plan of Reorganization that was confirmed by the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division on January 19, 2021. The Company emerges with a strengthened…
February 02, 2021 08:30 ET | Source: FTI Consulting, Inc. WASHINGTON, Feb. 02, 2021 (GLOBE NEWSWIRE) — FTI Consulting, Inc. (NYSE: FCN) today announced that the firms Corporate Finance & Restructuring segment and its professionals received numerous industry awards and recognitions over the last several months, demonstrating the depth of talent the firm attracts and…
SO PAULO, Jan. 31, 2021 /PRNewswire/ — In accordance with paragraph 4 of Article 157 of Law No. 6404/1976 and CVM Instruction No. 358,02, Ita Unibanco Holding S.A (“Ita Unibanco” or “Company”) informs its stockholders and the general market that, in line with the Material Facts disclosed on November 3 and 26 and December 31,…
McGrathNicol has kicked off the year in style with the appointment of three new partners across its Melbourne and Sydney offices. Matthew Hutton is a partner in the firms heritage Restructuring practice. He has been with the nationalconsulting firm for more than 12 years, and specialises in turnaround, restructuring and insolvency matters. Hutton works closely…
This week, online players in the UK swallowed up some of the countrys most venerable fashion retailers in a dramatic changing of the guard that suddenly gathered momentum. On Monday, digital fast fashion group Boohoo snapped up the 243-year-old department store chain Debenhams, acquiring its intellectual property and website, but not its 130 physical stores,…
COPENHAGEN, Denmark (AP) Norways government said Friday it will give low-cost carrier Norwegian Air Shuttle a 1.5 billion kroner ($173 million) loan as long as the ailing company manages to raise at least 4.5 billion kroner ($520 million) from other investors. The government had put several conditions for participating in the Norwegian airlines restructuring, including…
Keppel has announced that it is restructuring its Offshore & Marine (O&M) business so it will be well-placed to support the energy transition. In a statement issued yesterday (28 January), Keppel said that the company will be restructured into three parts, separating construction and ownership of legacy drilling rig assets from its core yard operations…
BENGALURU: Wipro CEO Thierry Delaporte’s reorganisation of the company structure has resulted in some 75 senior VPs and VPs and 300 general managers exiting the firm in the past few months.TOI reported details of the planned reorg in November. One of its objectives is to reduce the number of layers in the firm as part…