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Results 1 - 6 of 6 for hsbc restructuring

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  1. Moulin creditors hopeful of rescue

    Posted Jun 24th 2005, 12:00am by Enoch Yiu, Toh Han Shih

    ... Toh Han Shih and Enoch Yiu Queue of creditor banks nearly doubles in length as negotiations over restructuring and bailout begin Moulin Global Eyecare Holdings was placed in provisional liquidation yesterday, with creditor banks hoping that a rescue of the troubled company will salvage billions in outstanding loans. There were now 29 banks, led by HSBC Holdings, negotiating ...

  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. Lai See

    Posted Oct 20th 2009, 12:00am by Toh Han Shih

    ... have been suffering too. Another snippet in the report that caught Lai See's eye was about Kroll being called in by a hedge fund seeking assistance with a debt restructuring ... that the sponsor... was engineering a debt restructuring that would severely disadvantage and possibly defraud existing creditors. 'We identified the complicit fund and gathered intelligence ...

  4. Liquidators seek to wind up Moulin amid legal dispute

    Posted May 16th 2006, 12:00am by Toh Han Shih

    ... of restructuring firm Ferrier Hodgson, said yesterday. Mr Sutton and another Ferrier Hodgson executive director, Desmond Chiong Chung Seng, were appointed by the High Court as Moulin's provisional liquidators a year ago following a request from HSBC, which is leading more than 20 banks in claiming over $2 billion from the company. Meanwhile, a former in-house lawyer of Moulin, Anthony DiChiara, ...

  5. Shareholders left empty-handed as Moulin winds up

    Posted Jun 06th 2006, 12:00am by Toh Han Shih

    ... per cent,' said John Batchelor, a director of restructuring firm Ferrier Hodgson, Moulin's liquidator. However, a source said some creditors 'may end up getting nothing'. ... Rod Sutton, as liquidators. At that time, HSBC led a group of banks claiming more than $2 billion of debt from Moulin. Since then, HSBC had sold its debt to another bank, Mr Chiong said. ...

  6. In secret room, behind cupboards, liquidators unearth Moulin's ghosts

    Posted May 18th 2006, 12:00am by Toh Han Shih

    ... a director at restructuring firm Ferrier Hodgson, yesterday said members of an investigation team stumbled on the room when they tripped a latch in the cupboard while they were clearing out documents ... Hong Kong-listed Moulin acquired ECCA in March last year, its debt problems surfaced and the High Court placed the firm under provisional liquidation in June last year at the request of HSBC ...



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