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  1. Jail for loanshark gang mastermind

    Posted Apr 01st 2004, 12:00am by Sara Bradford

    ... Sara Bradford Syndicate raised $31 million by making victims pay interest rates of 2,400pc The mastermind behind a loanshark syndicate that raised more than $31 million by forcing victims to repay loans at interest rates of up to 2,400 per cent a year was ...

  2. BOC seeks to issue 60b yuan debt note

    Posted Feb 17th 2004, 12:00am by Christine Chan

    ... Christine Chan The Bank of China (BOC) is seeking approval to issue up to 60 billion yuan in subordinated debt this year as it recapitalises in preparation for an eventual listing next ... spokeswoman in Beijing yesterday said the lender was applying to the China Banking Regulatory Commission to issue between 50 billion yuan and 60 billion yuan in subordinated debt. Subordinated debt ...

  3. A debt-free life

    Posted Apr 26th 2004, 12:00am by Sidney Sze

    ... Sidney Sze We need to know more about the concept of personal debt. To put it simply, 'debt is spending money that we do not have'. True financial freedom means leading a debt-free life. If you want to obtain goods or services, you need to pay immediately. In this era of rampant consumerism, when you don't have enough cash, you might ask your parents ...

  4. Luoyang Glass aids parent despite high debt

    Posted Apr 24th 2004, 12:00am by Denise Tsang

    ... Denise Tsang H share Luoyang Glass continued to support financially its state-owned parent and subsidiaries last year, despite provisions for related bad debts surging nearly fourfold ... suffered heavily after incurring debt exposure to their parents. 'Luoyang Glass is a typical example of companies which do not operate independently in the form and the substance,' said ...

  5. GE gets mainland support for yuan debt issues

    Posted Feb 27th 2004, 12:00am by Staff Reporter

    ... to explore the possibility of issuing yuan debt to fund expansion of its mainland financial services businesses, according to GE executives. GE, the world's biggest company by market value, ... With US$51 billion in bonds sold last year in 14 currencies, GE previously deemed chances of a yuan debt issue slim as the mainland's small and underdeveloped corporate bond market was mainly ...

  6. PCCW, Telstra settle Reach debt

    Posted Jun 18th 2004, 12:00am by Staff Reporter

    ... the parents didn't buy the Reach loans, cash flow from operations would not be enough to meet the interest payment obligations,' a source involved in the deal said. After settling the debt ... payment. Analysts did not expect the bailout to have much impact on PCCW's finances. However, some believed the deal would delay its debt repayment schedule and a plan to start paying ...

  7. U-Right gets $200m loan to pay debt, push growth

    Posted Jan 19th 2004, 12:00am by Toh Han Shih

    ... Toh Han Shih Textile firm U-Right International Holdings has obtained an unsecured $200 million syndicated loan to be used to refinance debt and expand its nanotechnology business. The three-year loan carries an interest rate of Hong Kong interbank offered rates plus 1.15 per cent per year, 30 per cent lower than the interest costs of an earlier $130 million syndicated loan. Deputy ...

  8. Asat seeks US$125m to help pay debt

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

    ... Anette Jonsson Hong Kong-based semiconductor company Asat Holdings plans to sell US$125 million of senior unsecured bonds, which will be partly used to repay debt, according to Standard & Poor's Ratings Services. The bonds, which will mature in 2011, have been given a single B rating by S&P. Apart from paying off an existing US$100.75 million senior note, ...

  9. SAFE issues warning over short-term debt

    Posted Aug 03rd 2004, 12:00am by Elaine Chan

    ... short-term foreign debt, as Beijing tries to control the flow of hot money into the domestic financial system. State Administration of Foreign Exchange (SAFE) chief Guo Shuqing warned in Beijing yesterday that the proportion of short-term loans in the total foreign debt burden exceeded international standards and was expanding to a dangerously high level. The remarks, as reported ...

  10. Investors in CA Pacific seek relief from debts

    Posted May 19th 2004, 12:00am by Felix Lo

    ... appealed to the brokerage's liquidators to stop pursuing them for debts. Democratic Party legislator Albert Ho Chun-yan, who is representing investors who lost money, conveyed their plea ... Friday's deadline to pay between $15,000 and $700,000 each to cover debts run up on margin trading and six years of interest on those debts. They say they were unaware they had authorised CA ...




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