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  • July 13, 2014
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  1. Support measures keep collapses to a minimum

    Posted Dec 15th 2009, 12:00am by Enoch Yiu

    ... Enoch Yiu After the Lehman Brothers collapse last year, many liquidators were rubbing their hands in expectation of a busy time ahead, but that has not been the case. 'I was expecting ... no major Hong Kong firms or brokerages collapsed in the financial crisis. The only big casualty was Fu Ji Food and Catering Services Holdings. This is in contrast to the financial crisis in 1997 ...

  2. 2m lose jobs as 4,800 toy firms collapse

    Posted Jan 06th 2009, 12:00am by Toh Han Shih

    ... Toh Han Shih Li & Fung pressed on US$10m debt The number of toy factories on the mainland has shrunk by more than half over the past year as the global financial crisis devastated the sector, according to official statistics. The closure of about 4,80 ...

  3. Workers call for help after firm's collapse

    Posted Oct 22nd 2008, 12:00am by Agnes Lam

    ... Agnes Lam About 40 people who work for a subsidiary of a bankrupt Hong Kong-listed company sought help from the Labour Department yesterday over claims for HK$2.75 million in compensation. The Tack Fat Manufacturing Factory employees said a letter from th ...

  4. Investors hit by Lehman collapse get papers they can't understand

    Posted Oct 21st 2008, 12:00am by Joyce Man

    ... Joyce Man Investors who purchased complex derivatives linked to the financial health of now-bankrupt US investment bank Lehman Brothers finally got their hands on documents on the investments' underlying assets yesterday- but could not make head or t ...

  5. Collapsed firms' staff demand pay

    Posted Oct 20th 2008, 12:00am by Staff Reporter

    ... Ng Kang-chung More than 1,000 mainland workers of the Hong Kong-listed company BEP International marched to demand the authorities help in getting their unpaid salaries. The workers, in uniform and mostly from outside Guangdong province, lost their jobs a ...

  6. Jianyin acquires collapsed brokerage

    Posted Aug 02nd 2005, 12:00am by Jamil Anderlini

    ... collapsed in January last year and was taken over by the China Securities Regulatory Commission, the first in a string of closures and government acquisitions that have rocked the industry. ...

  7. Nam Fong closer to collapse

    Posted Aug 17th 2003, 12:00am by Sara Bradford

    ... The empire of property developer Nam Fong International Holdings came a step closer to collapse yesterday after creditors sought a winding-up order against the company. In a High Court notice, creditors Wing Siu Company asked for winding-up proceedings against Nam Fong. Yesterday's move follows several years of rising debt by the locally listed mainland property investor. ...

  8. Negotiations over sale of Shanghai Land stake collapse

    Posted Aug 14th 2003, 12:00am by Staff Reporter

    ... The resignation of its auditor adds to chaos surrounding the scandal-tainted firm Talks to sell a controlling stake in Shanghai property tycoon Chau Ching-ngai's Shanghai Land Holdings to a potential white knight have faltered. Preliminary discussion ...

  9. Comment - Insight & Opinion - LEADER

    China's solar energy industry may see phoenix-like rise

    Posted Mar 28th 2013, 12:00am by STAFF

    ... such as Europe's Q-Cells into bankruptcy. But its rapid expansion resulted in overcapacity. During the global financial crisis, worldwide demand for solar panels collapsed. Suntech was especially ... and Japan are ahead. China is erecting an average of 36 wind turbines a day and is exporting solar panels as much as it does shoes. Hopefully, Suntech's collapse will be no more than a hiccup ...

  10. Huarong comes to rescue of D'Long units

    Posted Nov 10th 2004, 12:00am by Elaine Chan

    ... rescue, asset managers such as Huarong have been assigned a key role in the receivership of failed mainland brokerages. Huarong said in a statement it would extend a 200 million yuan bridge loan ... collapse after financial irregularities were uncovered at the sprawling agriculture-aviation conglomerate. 'The credibility of D'Long units and their fund-raising capability has ...




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