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  1. Trade body helps exporters chase debts

    Posted Aug 27th 2010, 12:00am by Denise Tsang

    ... Denise Tsang The mainland's largest trade and commerce body has set up a unit to help exporters recoup US$150 billion in overseas unpaid bills amid a lacklustre global economic recovery. The China Chamber of International Commerce- which is affiliate ...

    http://www.scmp.com/article/723198/trade-body-helps-exporters-chase-debts
  2. Mob takes control of Taizinai factory over debt to builder

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

    ... Naomi Rovnick The bankruptcy of mainland dairy company Hunan Taizinai, whose investors include Goldman Sachs and Morgan Stanley, has descended into chaos. Its third-largest factory, in Huanggang, Hubei province, is being occupied by a 40-strong mob believ ...

    http://www.scmp.com/article/716561/mob-takes-control-taizinai-factory-over-debt-builder
  3. 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 ...

    http://www.scmp.com/article/707986/blind-eye-billions-bad-debts
  4. 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 ...

    http://www.scmp.com/article/711397/taizinai-collapses-debts-3b-yuan
  5. Rusal IPO cash used to pay debt

    Posted Feb 05th 2010, 12:00am by Amanda Lee

    ... debts, leaving US$12.9 billion still outstanding. The world's largest aluminium producer said it had paid the funds to international lenders, Russian banks, excluding state bank VEB, which ... it is too big to fail.' Rusal had to restructure all of its debt- the biggest-ever Russian corporate debt restructuring- before gaining approval from the Hong Kong stock exchange. In September, ...

    http://www.scmp.com/article/705531/rusal-ipo-cash-used-pay-debt
  6. Dubai debt scare shows fragility of global rally

    Posted Nov 30th 2009, 12:00am by Tom Holland

    ... holding company Dubai World asked creditors to accept a six-month hiatus on payments while it restructures its US$59 billion debt mountain. In Hong Kong, Dubai World is perhaps best known through ... by the Dubai government rocketed as investors decided the emirate's sovereign debt is an even riskier proposition than bankrupt Iceland's (see the first chart below). Investors also rushed ...

    http://www.scmp.com/article/699819/dubai-debt-scare-shows-fragility-global-rally
  7. Why firm with assets exceeding debt to wind up

    Posted Oct 22nd 2009, 12:00am by Enoch Yiu, Naomi Rovnick

    ... to their face value, people who specialise in buying corporate debt said. 'There is very little chance of recovery,' said one hedge fund manager who had considered buying the bonds. Derek Lai ... for financial sector, said the company may have sought a voluntary winding-up because it wanted to find an easy way out of repaying debt. Fu Ji's founding chairman, Wei Dong, had been working ...

    http://www.scmp.com/article/696111/why-firm-assets-exceeding-debt-wind
  8. Distressed-debt veteran forms bank to cash in on ailing firms

    Posted Oct 08th 2009, 12:00am by Naomi Rovnick

    ... of failing companies. Michel Lowy, the former head of Deutsche Bank's distressed debt team in Asia, will formally open the institution, SC Lowy Financial (Hong Kong), today. The bank is likely ... for participating in risky businesses such as trading distressed debt in response to political pressure on them to return to the basics of banking. Lowy is said to be hoping to capitalise on this, ...

    http://www.scmp.com/article/694805/distressed-debt-veteran-forms-bank-cash-ailing-firms
  9. China Eastern may need more funds to reduce debt ratio

    Posted Jul 14th 2009, 12:00am by Charlotte So

    ... Charlotte So China Eastern Airlines Corp may need to raise more money on top of two share placements totalling 14 billion yuan (HK$15.88 billion) if the carrier is to lower its debt ratio ... by high debt levels and hefty losses, aims to lower its gearing ratio to the industry average. Air China, the most profitable among the country's Big Three airlines, has a gearing ratio ...

    http://www.scmp.com/article/686761/china-eastern-may-need-more-funds-reduce-debt-ratio
  10. Brisk trade in grim times for debt collector

    Posted Feb 16th 2009, 12:00am by Ivan Zhai

    ... Ivan Zhai Debt collector Paul Ma has been working flat out for the past 10 months. As a part-time detective who has also run a trading company in Guangdong for the last decade, ... in his late thirties, ordered a 'banana boat' ice-cream, and told the South China Morning Post he had been busy resolving debt disputes caused by factory closures in the Pearl River ...

    http://www.scmp.com/article/670153/brisk-trade-grim-times-debt-collector

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