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  • October 24, 2014
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  1. Debt-ridden Sunac 'scraps bond sale'

    Posted Mar 09th 2011, 12:00am by Naomi Rovnick

    ... it was 'Sun Hongbin's interesting past, as well as the company's already high debt', that had made his fund pass on buying Sunac's bonds. Sunac has 1.797 billion yuan (HK$2.08 ...

  2. China Gas slashing its yuan debt

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

    ... Denise Tsang China Gas Holdings, one of the largest piped-gas suppliers on the mainland, will slash its exposure to yuan debts in anticipation of more interest rate rises. Managing director Liu Minghui said the group aimed to have 50 per cent of debt in yuan and the other half in US dollars by the end of next year. The central bank unexpectedly raised interest rates on bank ...

  3. Swire Properties' share offer to repay debts

    Posted May 03rd 2010, 12:00am by Celine Sun

    ... offering to repay short and long-term debts. The property arm of conglomerate Swire Pacific plans to sell 910 million new shares at between HK$20.75 and HK$22.90 each, raising as much as HK$20.8 ... debts. Only 19 per cent is to be placed in short-term deposits and money-market instruments for future projects, mainly in the mainland and in Hong Kong. The remaining 11 per cent will go to fund ...

  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 ...

  5. 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 ...

  6. Ting cleared of debt to Akai creditors

    Posted Apr 17th 2004, 12:00am by Jane Moir

    ... opposition, and in return the liquidators promised not to 'sue or otherwise pursue any claims against Mr Ting... from any and all past, present and future rights, claims, demands, debts, causes ... in Hong Kong's corporate history. August 2000- High Court orders winding up of Akai. May 2001- RSM Nelson Wheeler appointed as provisional liquidators to Akai. Creditors claim debts ...

  7. CCB may raise cash to develop business and replenish capital

    Posted Mar 12th 2010, 12:00am by Staff Reporter

    ... Jane Cai in Beijing China Construction Bank Corp, the country's second-largest lender, is seriously considering refinancing so it can meet further development needs and replenish its capital, a senior official said. The bank, more than 10 per cent ow ...

  8. MGM-Pansy Ho venture is technically insolvent

    Posted Apr 24th 2009, 12:00am by Staff Reporter

    ... because they don't want to own the MGM Grand Macau.' The financial crisis has dealt a heavy blow to some heavily leveraged Macau developers, which are struggling under large debt burdens amid falling gaming revenues. Venetian Macao developer Las Vegas Sands Corp said in November it was at risk of defaulting on US$3.3 billion in Macau-specific debt, but it later sold new shares ...

  9. In Brief

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

    ... BEA mainland unit to sell 4b yuan of bonds Bank of East Asia's mainland unit will sell as much as 4 billion yuan (HK$4.54 billion) worth of yuan-denominated bonds next week with up to 50 per cent being offered to retail investors, depending on demand ...

  10. Lai See

    Posted Feb 26th 2009, 12:00am by Ben Kwok

    ... Ben Kwok Obama remark breeds fear and loathing for Las Vegas United States President Barack Obama earned a lot of plaudits for his stinging criticism of the behaviour of his country's bankers, but not from casino tycoon Steve Wynn. During a conferenc ...




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