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  1. ICBC tops HSBC in global rankings

    Posted Dec 26th 2006, 12:00am by Enoch Yiu

    ... in the world's biggest initial public offering in October, has overtaken HSBC Holdings to become the world's third-largest bank by market value. ICBC's shares surged by the daily limit of 9.9 per cent yesterday to close at 5.21 yuan on the Shanghai Stock Exchange, valuing the firm at US$214.2 billion. HSBC had a market capitalisation of US$208.4 billion at the close of trading ...

  2. Creditors put embattled Orient Power in hands of receivers

    Posted May 08th 2006, 12:00am by Toh Han Shih

    ... Toh Han Shih Faced with debts of $1.13 billion, electronics firm tries- but fails- to get an extension to its restructuring Creditors of electronics goods maker Orient Power Holdings have rejected the Hong Kong-listed firm's request for an extension to its restructuring process and put the debt-ridden company under receivership. About 32 banks and financial institutions, led ...

  3. Corporate restructure costs 130 jobs at 3UK

    Posted Nov 28th 2006, 12:00am by Staff Reporter

    ... Frederick Yeung Hutchison Whampoa's third-generation mobile-telephone business in Britain is undergoing a corporate restructuring that involves the loss of 130 jobs, according ... will be affected under the restructuring,' 3UK head of corporate communications Edward Brewster said. The affected workforce accounted for 6 per cent of 3UK's 2,200 employees, he said. Some ...

  4. Cofco placement raises HK$694m amid restructuring

    Posted Nov 25th 2006, 12:00am by Carol Chan

    ... of Cofco, which plans to change its name to China Foods, have shot up 33 per cent since it announced its asset acquisitions and restructuring plan early last month. According to the company's independent financial adviser DBS Asia Capital, Cofco's earnings per share last year could be enhanced by 0.2 per cent assuming the restructuring that had taken place in January that year. ...

  5. AJ Trust disposes of brokerage to make way for restructuring

    Posted Nov 02nd 2006, 12:00am by Staff Reporter

    ... a government-mandated restructuring, according to a statement filed with the Shanghai Stock Exchange. The privately owned Shanghai Huiyin Group will acquire 55 per cent of AJ Securities by buying the stake ... yuan, it mainly invests in pharmaceuticals, medical equipment, agriculture and tourism. Efforts to restructure AJ Securities have been under way for more than a year. Several overseas firms ...

  6. CKI Sydney operator to restructure heavy debts

    Posted Nov 18th 2006, 12:00am by Denise Tsang

    ... Denise Tsang Cheung Kong Infrastructure Holdings (CKI)'s 50-per cent owned Sydney Cross City Tunnel operator is in talks with creditors over a debt restructuring plan, the Li Ka-shing controlled flagship disclosed. CrossCity Motorway, which owns the 15-month-old, 2.1km tunnel, is on the brink of going into receivership, with a A$580 million (HK$3.46 billion) debt, according ...

  7. ICBC formula may well work in restructuring of Agricultural Bank

    Posted Oct 24th 2006, 12:00am by Tom Holland

    ... with plans to restructure and sell shares in the last of the Big Four state-owned commercial banks. Bailing out Agricultural Bank of China will not be cheap. Although it is smaller than ICBC by assets, its finances are even shakier. Altogether, restructuring could cost as much as US$100 billion, roughly equal to the annual economic output of the Philippines. With 31,000 branches ...

  8. Mainland footwear retailer plans $3.9b float after restructuring

    Posted Jun 30th 2006, 12:00am by Staff Reporter

    ... to be underwritten by BNP Paribas and Morgan Stanley, was expected to happen in the first quarter of next year after the company finished its corporate restructuring, the sources said yesterday. 'The company is considering putting more assets in the listing unit and this lengthens the time of restructuring,' said a source. Belle operates and owns more than 2,000 stores in the mainland ...

  9. Hammam calls on ailing Asian nations to restructure

    Posted Jun 29th 2006, 12:00am by Alvin Sallay

    ... Alvin Sallay in Berlin Asian soccer boss Mohammed bin Hammam has called for a major restructuring of leagues and competitions after the region's abysmal showing in Germany. Hammam, ... will not see any improvement at the international standard unless we restructure and improve the professionalism in our clubs and in our leagues. 'Our results in Germany, with the exception ...

  10. Stanley Ho's restructuring plan wins approval

    Posted Apr 01st 2006, 12:00am by Andy Chen

    ... general meeting in Macau yesterday, as the remaining shareholders signed off on a restructuring plan pushing Mr Ho's privately held gaming assets closer towards a Hong Kong stock listing ... for a proposal to restructure his privately held conglomerate Sociedade de Turismo e Diversoes de Macau (STDM) and its gaming subsidiary Sociedade de Jogos de Macau (SJM). 'There was not a single ...




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