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  • November 27, 2014
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Results 1 - 10 of 17 for debt

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  1. Business - China Business - RESTRUCTURING

    Titan Petrochemicals prepares to put debt plan to bondholders

    Posted Jul 23rd 2014, 01:33am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Titan prepares to put debt plan to bondholders Titan Petrochemicals, which owes US$400 million and is controlled by white knight petroleum products trader Guangdong Zhenrong Energy, will seek court permission early next month to convene a bondholders meeting to vote on a debt restructuring proposal. A "yes" vote is a mutual pre-condition ...

  2. Business - Commodities - ENERGY

    Beijing's green push pays off for China Everbright International

    Posted Nov 20th 2014, 07:13am by Eric Ng

    ... These will produce electricity by burning agricultural wastes. With HK$4.9 billion of cash, HK$4 billion of unused bank facilities and a debt-liabilities ratio of 41 per cent at the end of June, Chen did ...

  3. Business - Companies - DISPOSALS

    Investor fears grow over GCL asset sale plan

    Posted Nov 17th 2014, 05:08am by Eric Ng

    ... be controlled by its chairman and largest shareholder, Zhu Gongshan. "The deal [may be] positive for Zhu, who will likely acquire more flexibility to raise equity from the market to reduce his debt ... the fears by telling investors through a teleconference a week ago that the potential sale was aimed to help cut the company's debt, and not to advance Zhu's interest at the expense ...

  4. Business - Money - INVESTIGATIONS

    Engineering firm Wison's shares tumble on bribery and fraud charges

    Posted Nov 14th 2014, 07:00am by Eric Ng

    ... person. The company said it was in preliminary talks with state-owned firms that had expressed interest in it. Wison said it had refinanced 394 million yuan of bank loans, cut bank debt by 676 ...


    Wison shares fall to 52-week low as bribery, fraud charges depress stock

    Posted Nov 13th 2014, 01:13pm by Eric Ng

    ... on to its orders. Wison said it succeeded in refinancing 394 million yuan of bank loans, cut bank debt by 676 million yuan, and is finalising a new banking facility of 170 million yuan. Since its ...

  6. Business - Companies - DEBTS

    Titan readies new proposal to restructure its debt

    Posted Nov 04th 2013, 05:49am by Eric Ng

    ... Titan readies new proposal to restructure its debt Debt-laden Titan Petrochemicals Group, controlled by partially state-owned fuel and metals trader Guangdong Zhenrong Energy, plans to present a new debt restructuring proposal to creditors to whom it owes more than US$400 million. Titan executive director Patrick Wong Siu-hung said the board believed the debt restructuring plan would ...

  7. Business - China Business - ENERGY

    Datang International’s chemical production losses widen to 1.37b yuan

    Posted Aug 28th 2014, 10:22am by Eric Ng

    ... reforms. The move would lighten its debt load and improve its profitability. Besides Duolun, the company will also sell part or all of its 51 per cent stake in a 25.7 billion yuan coal-to-gas project ...

  8. Business - Companies - EARNINGS

    Sinofert expects second-half pickup despite over-capacity concerns

    Posted Aug 22nd 2014, 09:41am by Eric Ng

    ... cent coal mining unit that failed to repay bank debt.  ...

  9. Business - Commodities - EARNINGS

    China Datang expects use of wind farms to rise in second half

    Posted Aug 27th 2014, 01:27am by Eric Ng

    ... Datang is aiming to add 0.6 to 0.8GW this year, with the bulk to be added in the fourth quarter. Although its net debt-equity burden rose to 423 per cent at the end of June from 411 per cent ...

  10. Business - Commodities - EARNINGS

    China Coal Energy's first-half profit plunges 76pc

    Posted Aug 18th 2014, 11:09am by Eric Ng

    ... analysts said in a report was 70 per cent lower than their estimate. "Continuing investment in coal-to-chemical [projects], a sharp increase in net debt and potential [rise] in interest cost, ...




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