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  • September 22, 2014
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  1. Building materials firms' debts soar amid infrastructure boom

    Posted Aug 31st 2010, 12:00am by Toh Han Shih

    ... their debt levels have risen sharply as they invest in property and new plant. During first-half 2009, BBMG's short-term debt jumped 154.8 per cent to 8.57 billion yuan (HK$9.79 billion), ... the sharp rise in debt, BBMG, which listed in Hong Kong last year, was able to get 80 billion yuan in credit facilities from Chinese banks about six months ago. 'The banks are bullish on our ...

  2. Debt issue plan lifts Star Cruises

    Posted Aug 12th 2009, 12:00am by Staff Reporter

    ... Neil Gough Star Cruises shares rose 8.7 per cent yesterday after Asia's biggest cruise line said it would sell US$150 million in convertible bonds to pay down debt. Separately, ... Cruises, which has not reported a net profit since 2005 and had US$466.96 million in long-term debt as of the end of last year, said it would use proceeds from the bond sale to fund general working ...

  3. Greentown faces potential default over bid to buy back US$400m debt

    Posted May 02nd 2009, 12:00am by Sandy Li

    ... Sandy Li Greentown China Holdings, which has adopted an increasingly common debt repurchase strategy, faces potential default on a US$400 million note if it fails on Monday to get support from bondholders to buy back the loan at a 15 per cent discount. The record is mixed on discount debt buy-backs. Asia Aluminum Holdings, Nine Dragons Paper (Holdings) and Las Vegas Sands Corp ...

  4. Minsheng Bank to focus on credit risks as bad-debt provisions rise

    Posted Aug 27th 2008, 12:00am by Staff Reporter

    ... and maintain healthy earnings growth. Impairment charges rose 66.77 per cent to 1.61 billion yuan (HK$1.83 billion) in the first half due to higher bad-debt provisions and investment write-downs, ... in bad-debt provisions and lower loan and profit growth in the second half due to the economic slowdown. The bank said it had already become cautious about lending to certain sectors, ...

  5. 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 ...

  6. 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' ...

  7. Beijing helps lenders cut bad debts

    Posted Jan 14th 2005, 12:00am by Staff Reporter

    ... Bei Hu State-led transfers of NPLs from China's 16 largest banks lower bad-loan ratio The mainland's leading commercial banks reduced their non-performing loan (NPL) burden by 395 billion yuan last year, lowering their overall problem-loan ratio ...

  8. Oil price rise helps to boost Sinopec profit

    Posted Oct 29th 2010, 12:00am by Eric Ng

    ... Eric Ng China Petroleum & Chemical (Sinopec), the nation's second largest oil and gas producer, posted a 14.8 per cent year-on-year rise in third quarter net profit on higher oil prices. Net profit was 19.62 billion yuan (HK$22.75 billion), up fr ...

  9. ENM's bond purchase sends shares surging

    Posted Feb 09th 2010, 12:00am by Charlotte So

    ... Charlotte So Shares of ENM Holdings- owned 34.59 per cent by the estate of Nina Wang Kung Yu-sum, once Asia's richest woman- surged yesterday on news that it had acquired convertible bonds in a mainland property developer near Beijing. The shares ros ...

  10. Lenders see profits drop 18pc ahead of tough year

    Posted Nov 15th 2008, 12:00am by Staff Reporter

    ... in the third quarter from 2 per cent in the first and 1.84 per cent in the second. There are also signs of deteriorating asset quality as the bad-debt ratio rose to 0.96 per cent in the third quarter ...




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