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  1. Fewer police officers falling into bad debt

    Posted Oct 07th 2003, 12:00am by Staff Reporter

    ... The number of police officers who have fallen victim to bad debt this year has dropped by nearly half compared with the same period last year, according to the Security Bureau. Government figures showed that an extra 33 police officers had accumulated 'unmanageable' debts in the first six months of the year - a significant drop from the 73 officers in the first half ...

    http://www.scmp.com/article/430303/fewer-police-officers-falling-bad-debt
  2. Bad-debt recovery set to improve

    Posted Nov 28th 2003, 12:00am by Staff Reporter

    ... Andrew K. Collier in Beijing The recovery rate for the mainland's 1.4 trillion yuan (HK$1.3 trillion) in bad debt is likely to improve over time because the remaining assets include ... the remaining debt, I would expect a lower recovery rate,' Mr Wang said. 'On the other hand, with equity assets the recovery rate can be much higher because some assets after restructuring ...

    http://www.scmp.com/article/436155/bad-debt-recovery-set-improve
  3. Lobster King saddled with $54m in short-term debt

    Posted Nov 14th 2003, 12:00am by Sandy Li

    ... in its interim results to June when it suffered a substantial loss. The restaurant chain, which has 12 outlets, said it had a cash reserve of just $12.24 million and a debt-asset ratio of 82.5 ... Kam-foo and Lam Lui-ming, must be completed by tomorrow. The chain has conducted a series of debt-reduction exercises, including asset disposals, and shut loss-making outlets to boost liquidity ...

    http://www.scmp.com/article/434555/lobster-king-saddled-54m-short-term-debt
  4. Wing Hang gets strong response to debt issue

    Posted Sep 03rd 2003, 12:00am by Raymond Ma

    ... A planned issue of Wing Hang Bank's subordinated debt has received a strong response and is expected to be priced slightly more than 220 basis points above treasury bonds, according to investors interested in the deal. The mid-tier lender on Monday launched a road show in Hong Kong for the issuance of $250 million in tier-2 subordinated bonds to help the bank finance its takeover ...

    http://www.scmp.com/article/426693/wing-hang-gets-strong-response-debt-issue
  5. PCCW to pre-pay US$641m of debt

    Posted Jul 21st 2003, 12:00am by Denise Tsang

    ... PCCW's core telephone business has informed banks it will pre-pay US$641 million of debt - its third such reduction in borrowings in three weeks. Hong Kong's dominant fixed line operator plans to retire US$1.68 billion of debt acquired in a leveraged takeover three years ago. Of this, bankers confirmed that $503 million was repaid earlier this month, with the remainder ...

    http://www.scmp.com/article/422368/pccw-pre-pay-us641m-debt
  6. PCCW to pre-pay US$641m of debt

    Posted Jul 21st 2003, 12:00am by Denise Tsang

    ... PCCW's core telephone business has informed banks it will pre-pay US$641 million of debt - its third such reduction in borrowings in three weeks. Hong Kong's dominant fixed line operator plans to retire US$1.68 billion of debt acquired in a leveraged takeover three years ago. Of this, bankers confirmed that $503 million was repaid earlier this month, with the remainder ...

    http://www.scmp.com/article/422311/pccw-pre-pay-us641m-debt
  7. Debt link to one in four suicides

    Posted Jul 25th 2003, 12:00am by Mary Ann, Mary Ann Benitez

    ... Nearly 25 per cent of people who took their own lives last year were in debt, with the problem more prevalent among the middle-aged, a suicide prevention seminar was told yesterday. About 34 per cent of suicide victims aged between 40 and 59 were in debt, compared to the general average of 24 per cent, panellists at the University of Hong Kong seminar said. A total of 1,124 ...

    http://www.scmp.com/article/422764/debt-link-one-four-suicides
  8. Man killed mother to save her from debt collectors, court told

    Posted Oct 23rd 2003, 12:00am by Sara Bradford

    ... Sara Bradford Elderly woman dies three months after being hit 10 times with a sauce bottle A man who was worried that his mother would be harassed by his debt collectors hit her 10 times ... counsel, Richard Donald, said his client was scared that his mother would be harassed by people coming to the door demanding repayment of debts. 'As the reports indicate, this seems ...

    http://www.scmp.com/article/432016/man-killed-mother-save-her-debt-collectors-court-told
  9. Debt-ridden Lai Sun shares soar 48pc on hint of an asset sale

    Posted Aug 01st 2003, 12:00am by Sandy Li

    ... Shares in Lai Sun Development has rocketed 48 per cent yesterday despite the debt-ridden developer saying the sale of a commercial office building in Causeway Bay is still at an early ... atmosphere. They said Causeway Bay Plaza One, which produced a monthly rental of between $6 million and $7 million, provided an attractive buying opportunity. Lai Sun, which had debts of HK$8 billion, ...

    http://www.scmp.com/article/423447/debt-ridden-lai-sun-shares-soar-48pc-hint-asset-sale
  10. JCG gives glimpse of bank bad-debt charges

    Posted Jul 19th 2003, 12:00am by Raymond Ma

    ... Deposit-taking company JCG Holdings yesterday gave the market a glimpse of the high consumer bad-debt charges banks are expected to make when they unveil their interim results next month. 'Despite a gradual decline in the number of personal bankruptcy petitions from the group's customers ... bad-debt charges from consumer loans for the six months to June 30 were still high ...

    http://www.scmp.com/article/422092/jcg-gives-glimpse-bank-bad-debt-charges

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