• Thu
  • Jul 24, 2014
  • Updated: 5:47am

Bankruptcy

Hong Kong investors at a disadvantage when firms with assets in China go bankrupt

The HK$4.1 billion bankruptcy proceedings involving a mainland subsidiary of Hong Kong-listed decorative paper maker Qunxing Paper highlight the risks to investors of acquiring exposure to firms that have the bulk of their assets outside the city.

Friday, 4 April, 2014, 5:19am

A burning paper trail

Suntech Power, forced to put its Chinese solar unit into bankruptcy last month, began that slide into insolvency in 2009 when customers linked to the founder could not pay their bills and the company booked the sales as revenue anyway, regulatory filings show.

4 Apr 2013 - 3:35am

China's solar energy industry may see phoenix-like rise

China's state subsidies during the past two decades have caused cycles of boom and bust for major companies in multiple industries. The latest is solar energy. The bankruptcy declaration this month by Suntech Power, once the world's largest solar-panel producer by sales, has sent shock waves across the industry.

28 Mar 2013 - 7:11am

Fighting the headwinds

Having bucked market trends by posting record earnings for the first half of the year, All Nippon Airways (ANA) now aims to sustain its solid profit growth despite the clouded operating outlook in its home market in Japan.

14 Jan 2013 - 3:01am

Wanxiang gets green light to buy A123's assets

Wanxiang won court approval to buy most of the assets of A123 Systems, the failed electric-car battery maker backed with US government funds, for about US$256.6 million.

Bankruptcy Judge Kevin Carey approved the sale, which has raised concern from some lawmakers, at a hearing in Wilmington, Delaware, on Tuesday, saying "the auction was robust, the price is adequate".

13 Dec 2012 - 3:34am

China Digest, December 6, 2012

Since the 2008 Beijing Olympics, more than 1.7 million volunteers have been registered to help maintain social stability in the capital, Xinhua reports.

6 Dec 2012 - 4:04am

Singapore's ex-leaders write off political rival's huge debt from defamation case

Prominent Singapore opposition leader Chee Soon Juan has been discharged from bankruptcy, the government said, after an unprecedented concession by two former prime ministers to whom he owed about S$500,000 (HK$3.2 million).

22 Nov 2012 - 7:17am

Boom city Dongguan faces bankruptcy as village debts soar

After three decades of spectacular growth, Guangdong's boom town of Dongguan is on the brink of bankruptcy.

Up to 60 per cent of its villages are running up deficits and will soon need a bailout from the township, researchers at Sun Yat-sen University have discovered.

28 Sep 2012 - 4:27pm 1 comment

Lenders hold fire on ailing shipping firms

Sanko Line, Korea Line and subsidiaries of Berlian Laju Tanker are among a steady stream of Asian and Western shipping companies that have sought bankruptcy protection in recent months, victims of weak freight rates and haemorrhaging cash reserves.

13 Aug 2012 - 9:46am

Bankruptcy for lawyer in HK$780m theft case

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A former partner of international law firm K&L Gates accused of stealing at least HK$780 million of clients' funds was yesterday declared bankrupt by the High Court.

14 Jul 2012 - 12:00am

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