Insolvency Guardian Media Centre
JINHUA, China, March 25, 2019 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (the Company, we or Kandi) (NASDAQ GS: KNDI), announced today that Kandis wholly-owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd. (“Kandi Vehicles”) signed an Equity Transfer Agreement (the Transfer Agreement) on March 21, 2019 with Geely Technologies Group Co., Ltd. (Geely) to transfer certain equity interests in the Kandi Electric Vehicles Group Co., Ltd ( the JV Company) to Geely. Given Geelys competitive strength and recognition in the global automotive industry, this deal could help significantly accelerate the growth of the JV Company. Pursuant to the Transfer Agreement, the parties have agreed to some of the key terms below:
- The JV Company agree…
Read the full article at: https://globenewswire.com/news-release/2019/03/25/1760148/0/en/Kandi-Technologies-Announces-Equity-Restructuring-of-the-JV-Company.html
As many as 12,000 cases have been filed since the implementation of the insolvency law and setting of National Company Law Tribunal (NCLT), a senior government official said Monday. Asserting that the Insolvency and Bankruptcy Code (IBC) should be the last resort, Corporate Affairs Secretary Injeti Srinivas said the NCLT has been very expeditious in disposing cases related to insolvency. “In some of the NCLTs, the number of cases filed and the number of cases disposed off are almost the same. That means you are almost current,” he noted.
Cases under the code can be taken up only after approval from the tribunal, which has benches in different parts of the country. Srinivas said that personal insolvency should be approached carefully and …
Read the full article at: https://www.zeebiz.com/india/news-12000-cases-filed-since-implementation-of-insolvency-law-setting-up-of-nclt-corporate-affairs-secy-91468
JINHUA, China, March 25, 2019 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (the Company, we or Kandi) (NASDAQ GS: KNDI), announced today that Kandis wholly-owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd. (“Kandi Vehicles”) signed an Equity Transfer Agreement (the Transfer Agreement) on March 21, 2019 with Geely Technologies Group Co., Ltd. (Geely) to transfer certain equity interests in the Kandi Electric Vehicles Group Co., Ltd ( the JV Company) to Geely. Given Geelys competitive strength and recognition in the global automotive industry, this deal could help significantly accelerate the growth of the JV Company. Pursuant to the Transfer Agreement, the parties have agreed to some of the key terms below:
- The JV Company agree…
Read the full article at: http://www.globenewswire.com/news-release/2019/03/25/1760148/0/en/Kandi-Technologies-Announces-Equity-Restructuring-of-the-JV-Company.html
One of the biggest obstacles for young professionals who want to start setting aside cash for investment is student loan debt. It can be difficult for younger professionals to make forward-looking business decisions while still contending with past financial burdens. And professionals of any age must learn to balance debt reduction with saving for the future.
So, how can professionalsespecially Millennials and those in Generation-Zwith education or other debt begin to fund their retirement now? We asked members of Forbes Finance Council to share their top tips for young investors looking to start taking future-focused financial steps today.
Members of Forbes Finance Council share their top tips for young investors with deb…
Read the full article at: https://www.forbes.com/sites/forbesfinancecouncil/2019/03/25/11-ways-to-start-building-a-financial-future-even-if-you-have-student-debt/
Inevitably, a project of this scale, its complexity, its risk, is going to suffer the odd setback and criticism but I have a sense that China, as the main architect of the Belt and Road along with many of the other participants, are learning from this as they translate it into reality.
Chinas Belt and Road Infrastructure program is a $US1 trillion ($1.4 trillion) initiative to build hundreds of major infrastructure projects such as ports and rail in 70 or more countries.
It has been dubbed a new silk road, as it creates more overland and maritime trade routes to strengthen Chinas economy and help it develop a wider sphere of influence.
The program has drawn criticism that it targets poorer nations, offering countries loans that are difficul…
Read the full article at: https://www.theage.com.au/business/the-economy/bhp-ceo-andrew-mackenzie-downplays-risks-of-china-s-new-silk-road-20190324-p5170w.html
New Delhi: As Jet Airways battles acute financial woes, a senior government official Monday said a “good outcome” from the negotiations between the creditors and the company would be better than moving for proceedings under the insolvency law.
“I think creditors and the debtor are in discussion. That is the best process,” Corporate Affairs Secretary Injeti Srinivas said.
He was responding to a query on whether Jet Airways is a fit case to be referred under the Insolvency and Bankruptcy Code (IBC).
“If there is a good outcome from the negotiations between the creditors and the corporate debtor, then that is better than dragging into insolvency… but if that (insolvency) is theonly option l…
Read the full article at: https://www.firstpost.com/business/jet-airways-crisis-good-outcome-from-creditors-company-negotiations-better-than-insolvency-says-govt-official-6322071.html
Struggling department store chain Debenhams said shareholders could lose their entire investment as a result of some of the restructuring options it is considering.The 200-year-old retailer said it is trying to refinance its debt, restructure its estate after a series of profit warnings and seek a cash injection of up to 200 million (A$373.1 million) from existing lenders at it tries to fend off a bid by Sports Directs Mike Ashley.
Ashley had offered a 150 million loan to Debenhams, but as part of the deal, he would have to be in charge of the chain.
The department store retailer said certain restructuring options would result in no equity value for the companys current shareholders.
Lenders have until this Thursday to approve Deben…
Read the full article at: https://www.insideretail.com.au/news/debenhams-warns-shareholders-could-lose-investments-in-refinancing-plan-201903
Oracle Corp. has reportedly axed hundreds of its engineering staff worldwide amid an organizational restructuring thats meant to help the company refocus on its cloud infrastructure operations.
IEE Spectrum reportedFriday that the total number of staff cut could exceed thousands worldwide, with up to 10 percent of Oracles staff affected, though lower estimates suggest a figure of 500 at a minimum. The cuts came despite no formal announcement of the restructuring plans from the company.
Oracle did at least confirm the layoffs in a statement to Business Insider, saying the idea was to shift resources to its cloud computing business.
As our cloud business grows, we will continually balance our resources and restructure our developmen…
Read the full article at: https://siliconangle.com/2019/03/24/oracle-reportedly-axed-hundreds-staff-engineering-teams-last-week/
Inevitably, a project of this scale, its complexity, its risk, is going to suffer the odd setback and criticism but I have a sense that China, as the main architect of the Belt and Road along with many of the other participants, are learning from this as they translate it into reality.
Chinas Belt and Road Infrastructure program is a $US1 trillion ($1.4 trillion) initiative to build hundreds of major infrastructure projects such as ports and rail in 70 or more countries.
It has been dubbed a new silk road, as it creates more overland and maritime trade routes to strengthen Chinas economy and help it develop a wider sphere of influence.
The program has drawn criticism that it targets poorer nations, offering countries loans that are difficul…
Read the full article at: https://www.smh.com.au/business/the-economy/bhp-ceo-andrew-mackenzie-downplays-risks-of-china-s-new-silk-road-20190324-p5170w.html
Call Now ButtonGo to TopThree Pennsylvania state senate Democrats are launching a plan to help people with student loan debt.
Sen. Vincent Hughes, who represents parts of Philadelphia and Montgomery counties, is working with Sen.Katie Muth, who represents parts of Montgomery and Chester counties, and Lindsey Williams, who represents Allegheny County, to co-sponsor thePA Student Higher Education Lending Protection Act. The proposalwould allow people to refinance high-interest student loan debt and claim a tax credit on student loans.
Pennsylvanians carry more student loan debt per person than in any other state, Hughes said. About 1.8 million Pennsylvanians have any amount of st…
Read the full article at: https://whyy.org/articles/democratic-pa-state-senators-propose-student-loan-debt-relief/
Inevitably, a project of this scale, its complexity, its risk, is going to suffer the odd setback and criticism but I have a sense that China, as the main architect of the Belt and Road along with many of the other participants, are learning from this as they translate it into reality.
Chinas Belt and Road Infrastructure program is a $US1 trillion ($1.4 trillion) initiative to build hundreds of major infrastructure projects such as ports and rail in 70 or more countries.
It has been dubbed a new silk road, as it creates more overland and maritime trade routes to strengthen Chinas economy and help it develop a wider sphere of influence.
The program has drawn criticism that it targets poorer nations, offering countries loans that are difficul…
Read the full article at: https://www.smh.com.au/business/the-economy/bhp-ceo-andrew-mackenzie-downplays-risks-of-china-s-new-silk-road-20190324-p5170w.html?ref=rss&utm_medium=rss&utm_source=rss_feed
to think that a college degree will help with credit score computation is just plain myth
PHILADELPHIA (PRWEB)
March 24, 2019There are a number of credit score myths out there that is why National Debt Relief aims to educate consumers about it. The article titled 5 Credit Score Myths That You Shouldnt Believe (and 3 Truths You Should) released March 8, 2019, explains some of these credit score myths and explains them better for people to know fact from myth.
The article starts off by highlighting the importance of financial knowledge. There are times when Ignorance may be bliss, but not whe…
Read the full article at: https://virtual-strategy.com/2019/03/22/credit-score-myths-and-facts-explained-by-national-debt-relief/
- The JV Company agree…
