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  • October 23, 2014
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  1. 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 ...

  2. BOC profits pick up as bad debt shrinks

    Posted Apr 19th 2005, 12:00am by Elaine Chan

    ... Elaine Chan in Beijing Bank of China (BOC), the country's biggest foreign-exchange bank, yesterday posted improved first-quarter earnings as its proportion of bad debt shrank. ... compared with the first quarter last year to 17.72 trillion yuan, according to figures released by the China Banking Regulatory Commission yesterday. However, the state lenders' bad debt ...

  3. 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 ...

  4. 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 ...

  5. Luen Thai planning to slash debt

    Posted Jun 29th 2004, 12:00am by Toh Han Shih

    ... from its initial public offering, planned for this summer, to pay down almost US$100 million in debts. The company will need to supplement the proceeds with new long-term bank loans this year ... about $18 million would be used to repay short-term loans. Luen Thai had outstanding debts of US$99.9 million in December last year, including short-term loans from 'related companies' ...

  6. CSCL to cut debt with listing funds

    Posted May 26th 2004, 12:00am by Russell Barling

    ... per cent of the proceeds from its initial public offering next month to pare down a debt burden that is projected to reach almost 12 billion yuan this year, according to the company's prospectus. The dedicated container shipping arm of state-owned China Shipping Group has earmarked more than US$470 million of the $1.3 billion it hopes to raise for retirement of long-term debt ...

  7. Philippine debt issues reopened to aid Napocor

    Posted Apr 28th 2004, 12:00am by Staff Reporter

    ... Anette Jonsson The Philippine government has sold US$400 million worth of debt by reopening two sovereign bond issues, according to a term sheet. The money raised from the sale, which was increased from US$300 million because of strong demand, would be lent to National Power Corp. The power producer has a high level of debt which trades at wide premiums to the Philippine sovereigns, ...

  8. Hutchison tops the list for Asian fixed-income debt

    Posted Oct 08th 2003, 12:00am by Staff Reporter

    ... credit rating. Investors are now, however, more comfortable with the company's debt because its other businesses generate more stable and predictable returns. The ports-to-telecoms ...

  9. Four-star hotel goes under hammer due to bad debt

    Posted Nov 19th 2003, 12:00am by Mark O'Neill

    ... of an order by a court to the group to pay back debts, in particular 200 million yuan (about HK$185.8 million), which it owes to the Industrial Bank. This month, the bank applied to the Shanghai city ...

  10. Hutchison debt issue raises 1b euros

    Posted Jul 04th 2003, 12:00am by Staff Reporter

    ... Hutchison Whampoa has sold its one billion euro-dominated bond issue amid the extended weakness in the European bond market and the sell-off in Japan. The 10-year bond, carried by HSBC, was the largest euro-denominated bond issued by an Asian company, and ...




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