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…
16 July 2021 Consultancy.eu 2 min. read Global consulting firm Alvarez & Marsal has expanded its Financial Restructuring Advisory practice to Italy. This is the next strategic step in the expansion of our financial restructuring offering across Europe, said Paul Kirkbright, Managing Director and leader of the practice in EMEA. Our on-the-ground initiatives in Italy…
Developments this week at universities across Australia have underscored the critical importance of the joint online public meeting called by the International Youth and Students for Social Equality (IYSSE) and the Committee for Public Education (CFPE) this Saturday, July 17 at 4 p.m. (AEST). Click here to register. An NTEU rally at Macquarie University in…
Administrators have commenced closing down subsidiaries within a group of companies involved in an alleged $200 million fraud against Westpac, with the Federal Court ordering the liquidation of the company at the centre of the case. Corporate restructuring firm Mackay Goodwin has confirmed it has been appointed as administrators for the Forum Group of companies…
What does Croatian employment law require of employers when it comes to making redundancies? It is an important question if you’re a business with a presence in Croatia where, just like the rest of the world, mass redundancy exercises are commonplace as businesses restructure in an effort to survive the pandemic. We will come on…