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Results 1 - 10 of 11 for hsbc restructuring

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  1. Household returns and exchange rate gains offset global downturn

    Posted Aug 05th 2003, 12:00am by Staff Reporter

    ... with good restructuring potential. In an apparent defence against such accusations, HSBC chairman Sir John Bond yesterday said: 'Household's contribution in its first three months ... Two recent acquisitions and exchange rate gains were the main drivers of banking giant HSBC Holdings' robust 25 per cent year-on-year surge in first-half net profit to US$4.1 billion, ...

  2. Moulin awaits final count of staff cuts

    Posted Jul 02nd 2005, 12:00am by Staff Reporter

    ... reported that Moulin's mainland staff have not been paid for several months. The liquidation of Moulin comes in the wake of 29 banks, led by HSBC Holdings, seeking to reclaim at least $2.4 billion in outstanding loans after restructuring efforts failed and accounting irregularities continued to emerge at the company. A winding-up petition hearing is scheduled for August 24. ...

  3. Manager suspended, bank says HSBC deal still on

    Posted Jul 12th 2004, 12:00am by Mark O'Neill

    ... 60 per cent of the shareholders at its annual meeting on June 20 had approved its plans to restructure and bring in strategic investors. 'Negotiations with HSBC are going smoothly,' ... Mark O'Neill in Shanghai Hit by sit-ins at a Shanghai branch and a 200 million yuan fraud in Liaoning, the Bank of Communications (Bocom) is fighting to save an investment from HSBC ...

  4. Standard Chartered seeks stake in Everbright Bank

    Posted Jun 07th 2004, 12:00am by Wang Xiangwei

    ... commercial banks, sources said. The London-based bank set its sights on Everbright after it lost to rival HSBC Holdings in the competition to acquire a 20 per cent stake in the Bank ... banks to seek strategic foreign investors without wholehearted efforts at restructuring. Standard Chartered and Everbright appeared to have agreed on the pricing and should reach a deal soon, ...

  5. StanChart raises stakes in battle for Korea First

    Posted Dec 29th 2004, 12:00am by Staff Reporter

    ... Kelvin Wong News boosts HK-listed shares, although HSBC is still seen as the favoured suitor Standard Chartered Bank has raised the stakes in its battle with HSBC for control of Korea ... closed up $2, or 1.4 per cent, at $144.5 yesterday. HSBC was unchanged at $132.50. 'Although the outcome is still very much open, the news is positive enough for a lot of institutional ...

  6. Talks 'stop' for Bocom stake sale to StanChart

    Posted Jun 02nd 2004, 12:00am by Staff Reporter

    ... HSBC Holdings may soon clinch a deal. Standard Chartered director Peter Wong Tung-shun confirmed yesterday that discussions with Shanghai-based Bocom, China's fifth-largest bank, had ... banks.' Last month, Bocom chairman Yin Jieyan said that his bank was negotiating a direct sale of equity with overseas players, including HSBC and Standard Chartered. Mr Yin hinted negotiations ...

  7. CCB takes key step in its listing plans

    Posted Sep 09th 2004, 12:00am by Staff Reporter

    ... reorganisation into a shareholding company. Also last month, Bocom struck a deal to sell a 19.9 per cent stake to HSBC for 14.46 billion yuan in the largest foreign equity investment in the mainland ... with the 1.02 times book value price at which the bank proposed to sell stakes to the founding minority shareholders, a mainland industry source said. By contrast, HSBC agreed to pay 1.56 times ...

  8. Victor Li clinches Air Canada deal

    Posted Nov 10th 2003, 12:00am by Eric Ng

    ... million (HK$3.77 billion) for a 31 per cent stake in a restructured Air Canada, which owed about C$12 billion in debt and long-term lease commitments when it filed for bankruptcy protection ... will be entitled to designate five of the airline's 11 board members after the restructuring. Deutsche Bank, which will underwrite a C$450 million share offer to creditors, will have two board ...

  9. Police raids net five in Moulin fraud case

    Posted Jul 06th 2005, 12:00am by Jane Moir

    ... by HSBC Holdings filed a petition at the High Court to have the company declared insolvent in an effort to reclaim at least $2.4 billion in debt. Irregularities in the company's accounts came ... discussion' with the provisional liquidators of Moulin over a possible purchase of its manufacturing operation in the mainland, and a possible restructuring of the eyewear maker. It is understood ...

  10. British bank on verge of BOC deal

    Posted Apr 09th 2005, 12:00am by Staff Reporter

    ... in the mainland's second-largest bank by assets will cost Edinburgh-based RBS US$3 billion to US$4 billion, bankers estimate. The deal will eclipse HSBC Holdings' US$1.7 billion purchase last year ... efficiency and corporate governance at the Big Four state-owned commercial banks through state capital injections, financial restructuring, introduction of outside shareholders and eventual ...




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