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  • September 23, 2014
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  1. Moody's reviews CLP rating over new debt to fund big NSW deal

    Posted Dec 16th 2010, 12:00am by Staff Reporter

    ... Neil Gough CLP Holdings was placed on review for a possible downgrade by ratings agency Moody's Investors Service yesterday after it said it would raise new debt to fund the purchase ... station, also in New South Wales, and development rights for three new power stations. The group plans to fund the transaction by raising about A$1.2 billion in new debt at the TRUenergy level ...

  2. Beijing Capital issue aims to clear debt, send positive sign to market

    Posted Oct 28th 2010, 12:00am by Charlotte So

    ... Charlotte So Debt-laden Beijing Capital International Airport yesterday announced plans to issue five billion yuan worth of new H shares to its parent Capital Airports Holding, in a bid to pay off the debt resulting from the acquisition of Terminal 3. The acquisition was supposed to have been funded by a prolonged listing plan in Shanghai. Analysts see the share placement ...

  3. EuroSibEnergo to use listing funds to repay U$1.1b in debt

    Posted Nov 20th 2010, 12:00am by Eric Ng

    ... Eric Ng EuroSibEnergo, the energy arm of Russian oligarch Oleg Deripaska's business empire, plans to use the bulk of the proceeds from its planned Hong Kong listing to repay a loan that will attract hefty interest charges in the next four years. The ...

  4. Sunac to tackle debt after listing, chairman says

    Posted Sep 24th 2010, 12:00am by Sandy Li

    ... Sandy Li Debt of Tianjin-based property developer Sunac China Holdings, which opens for subscription today, jumped 116.87 per cent to 5.79 billion yuan (HK$6.7 billion) last year while its ... from our mistakes and are working very hard,' he said. Referring to the high debt level, he said: 'We'll take care of it after the listing.' Asked how the firm planned ...

  5. Blind eye to billions in bad debts

    Posted Mar 08th 2010, 12:00am by Naomi Rovnick

    ... affable Iowa native, an alumnus of Merrill Lynch and JP Morgan, now specialises in buying non-performing loans- debts Chinese firms have racked up but cannot repay. His employer, founded ... and western regions that became blighted with bad debts in the early 1990s, when scores of state-owned enterprises failed. As unpaid staff rioted en masse, their employers sometimes scored easy cash ...

  6. Taizinai collapses with debts of 3b yuan

    Posted Apr 14th 2010, 12:00am by Naomi Rovnick

    ... are on the mainland and its borrowings are in yuan. Its Cayman-based holding company is legally responsible for the yuan debts. The liquidation is likely to be drawn out and messy, people involved ...

  7. Listing panel to vet Rusal IPO as firm finalises debt restructuring

    Posted Nov 25th 2009, 12:00am by Howard Winn

    ... the restructuring of its US$7.4 billion debt with international banks- a key condition for securing the listing committee's approval for the share sale to go ahead. Russian oligarch Oleg Deripaska, the chief executive and controlling shareholder of Rusal, told the South China Morning Post last week that the debt restructuring had been agreed in principle and final agreement was still needed ...

  8. Gambling 'whale' says US$110m casino debts are really loans

    Posted Aug 27th 2009, 12:00am by Staff Reporter

    ... defaulted on gambling debts. He alleges the casinos plied him with alcohol and prescription drugs to keep him intoxicated while playing. He also claims that under the casinos' system ... to dismiss a grand jury indictment against him for writing 38 bad cheques to pay gambling debts of US$14.7 million. If successful, Mr Watanabe's move could prompt a rethink of the way that Las ...

  9. Debt buy-back bids reap investors' wrath

    Posted Mar 26th 2009, 12:00am by Eric Ng

    ... notes at markdowns of 72.5 to 86.5 per cent, after failing to get investor support. After the failure of a debt restructuring proposal initiated by chairman Kwong Wui-chun, Asia Aluminum ... discounts. To cease its liabilities to the bondholders, Asia Aluminum said an undisclosed local government had agreed to finance the buy-back and two of its creditor banks would refinance its debt ...

  10. TPG changes Daphne deal to convertible debt

    Posted May 26th 2009, 12:00am by Naomi Rovnick

    ... net profit rose 12 per cent to HK$492.2 million last year on sales of HK$5.29 billion. TPG has not yet bought shares in Daphne but has instead lent cash in the form of debt convertible ... according to Dealogic. Tactical shift US private equity firm backs down from plan to buy out shoe retailer Cash amount that TPG has granted to Daphne as convertible debt, in HK$: $625m ...




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