SINGAPORE: Shares of CapitaLand jumped as much as 20 per cent on Tuesday (Mar 23), a day after the real estate behemoth announced a major restructuring plan to consolidate its fund management and lodging business into a new entity, and take its property development business private. Market analysts were generally positive on the company’s proposed…
BUSINESS RESTRUCTURING REVIEWVOL. 20 NO. 1JANUARY – FEBRUARY 2021IN THIS ISSUE1 The Year in Bankruptcy: 20206 Focus on Health Care Provider Bankruptcies10 Texas Bankruptcy Court Allows Make-Whole Premium as Liquidated Damages and Requires Solvent Chapter 11 Debtor to Pay Postpetition Interest13 Energy Sector Update: More Bankruptcy Courts Join the Fray in Dispute Over Rejection of…
American beverages giant Coca-Cola has weathered many storms in India but none like the one it is undergoing this time. Apart from the Covid-induced disruptions, it is also going through a massive global restructuring and is now under a new chief. Sanket Ray, the new president of Coca-Cola India and South West Asia, comes with…
SINGAPORE – CapitaLand has proposed the group’s biggest-ever overhaul that will see the privatising of its real estate development business and consolidation of its fund management and lodging business. Under the scheme, the group’s investment management and fund managing platformsas well as its lodging business will be consolidated into CapitaLand Investment Management (CLIM), which is…
Source: Unsplash/Jonathan Ford Support for small businesses affected by flooding in parts of New South Wales and southeast Queensland has been announced by federal and state governments and the big four banks. The support comes after the New South State Emergency Service issued evacuation orders in Western Sydney and lower parts of the Blue Mountains…
Signage for HNA Group Co. is displayed atop the company’s building in Beijing, China, on Thursday, Feb. 1, 2018. Photographer: Giulia Marchi/Bloomberg Premium The once high-flying Chinese conglomerateHNA Group Co. Ltd.is seeking strategic investors for its airline, airport and retail businesses after receiving court approval to include the giant and 320 of its related companies…
As part of its global cost restructuring plans, Finnish telecom giant Nokia will lay off around 1,500 employees in India. Through this cost restructuring, the telecom bellwether aims to increase investment towards research and development capabilities and reduce site fragmentation. The restructuring plans will hit Nokia’s global operations as well as its India operations. Consultation…
The once high-flying Chinese conglomerate HNA Group Co. Ltd. is seeking strategic investors for its airline, airport and retail businesses after receiving court approval to include the giant and 320 of its related companies in a single bankruptcy restructuring case. HNAs decision, made public Friday in three separate announcements by its restructuring team, offers a…
The Liberal-National Coalition government pushed its industrial relations legislation through the Senate yesterday, but it had to drop key aspects of the bill that had been demanded by big business in order to win the votes of crossbench MPs. While the laws contain attacks on the rights and conditions of casual workers, and have been…
Focus on sports quiz, set to become a leading digital sports entertainment group in China HONG KONG, March 19, 2021 /PRNewswire/ — V1 Group Limited, (“V1 Group” or the “Company“, together with its subsidiaries, the “Group“; stock code: 82) announces today its audited results of the year ended 31 December 2020. From the acquisition of…