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  • July 31, 2014
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Results 1 - 10 of 29 for bankruptcy

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  1. IRB unseats Sevens' 'white knight'

    Posted Mar 23rd 2011, 12:00am by Alvin Sallay

    ... in 1997. It was believed Peregrine had paid HK$30 million for a three-year sponsorship deal but weeks after the deal was inked, the firm was forced into bankruptcy by the Asian financial crisis. ...

  2. Kaohsiung's flashy new subway wins fans but few passengers

    Posted Apr 03rd 2010, 12:00am by Lawrence Chung

    ... that the company would declare bankruptcy in June, forcing the Kaohsiung city government to take over the system- at a cost of NT$25 billion. KRTC president Liu San-chi has denied the rumours and is suing ... to KRTC if it had to take it over after just two years of operation. Liu, however, said it was impossible for KRTC to declare bankruptcy, given that its NT$42.8 billion in assets exceeded its ...

  3. SouthGobi chief brings Wall St flair to mining

    Posted Jan 18th 2010, 12:00am by Eric Ng

    ... Eric Ng It is a long way from Wall Street to Mongolia but Alexander Molyneux is relishing the challenge. The high-flying investment banker gave up a lucrative job at financial giant Citigroup to helm fledgling mining company SouthGobi Energy Resources, cu ...

  4. Lai See

    Posted Oct 28th 2009, 12:00am by Ben Kwok

    ... the bankruptcy of two Rusal units. Rusal is desperate to conclude the restructuring of its US$16.8 billion debt so that it can proceed with stock market listings in Hong Kong and Paris before the end ...

  5. ETFs have lots to like, but be sure to read the fine print

    Posted Mar 15th 2009, 12:00am by Naomi Rovnick

    ... Credit ratings agencies had downgraded AIG's debt, leading to bankruptcy fears, which have since been resolved by US government bailouts. The ETFS fund, which fell 80 per cent on that day ...

  6. SinoMedia's close ties with CCTV may be its strength and weakness

    Posted Jun 27th 2008, 12:00am by Sherman So

    ... Sherman So Mainland advertising agent SinoMedia plans to raise up to HK$353 million from a Hong Kong initial public offering next month, allowing investors to tap into China's rapidly expanding media industry. But the firm's reliance on CCTV, th ...

  7. BOCHK hit by writedowns and settlements to minibond buyers

    Posted Mar 25th 2009, 12:00am by Enoch Yiu

    ... Enoch Yiu and Maria Chan BOC Hong Kong (Holdings) is feeling the pain of the global financial crisis, with the city's second-largest banking group announcing HK$12.57 billion in writedowns and setting aside HK$769 million for settlements to minibond ...

  8. Beijing Auto to buy Saab know-how

    Posted Dec 15th 2009, 12:00am by Kandy Wong

    ... carmaker, SAIC Motor Corp, failed to turn around its South Korean subsidiary, Ssangyong Motor, which filed for bankruptcy early this year. BAIC submitted an indicative, non-binding offer for Opel ...

  9. ChemChina eyes LyondellBasell's Australian asset

    Posted Mar 23rd 2009, 12:00am by Staff Reporter

    ... as ChemChina, could not be reached for comment. LyondellBasell spokesmen declined to comment. LyondellBasell's US unit and one of its European holding companies filed for bankruptcy in the United States on January 6. The bankruptcy court on February 26 gave the firm a 60-day injunction against claims by certain creditors as it reorganises. The court also allowed it to take out an US$8 ...

  10. StanChart holds off on minibond provisions

    Posted Mar 03rd 2011, 12:00am by Amanda Lee

    ... to repay customers who made losses when Lehman filed for bankruptcy in 2008. Its 2010 annual report included the remaining payment agreed with the regulators, the bank said. According ...




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