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
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 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
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 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
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
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
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
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
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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
Hong Kong's maritime community was weighing the impact on its operations after Sanko Steamship, Japan's fourth-largest shipping company, filed for bankruptcy protection yesterday, four months after trying to seek a deal with creditors.
The filing came 27 years after Sanko made a similar application, only emerging from a court-mandated reconstruction programme in 2000.3 Jul 2012 - 12:00am
Cosco Shipyard along with Hong Kong-headquartered ship management and chandlery companies are among the top 50 unsecured creditors after New York-listed tanker operator General Maritime (Genmar) filed for bankruptcy protection in the United States on Thursday.19 Nov 2011 - 12:00am
The mainland may register only a few bankruptcy cases every year but the numbers hardly tell the true story of the innumerable overseas investors who got burned in ventures there, a liquidation specialist says.24 Oct 2011 - 12:00am
Lawyers acting on behalf of a former liquidator of Wing Fai Construction, David Kennedy, have issued a statutory demand for HK$2.7 million against businessman Robert Yip Kwong.23 Sep 2011 - 12:00am
Bankruptcy is a dirty word. We shrink from hearing about financial failure, yet it is common: the Official Receiver's Office made 3,972 bankruptcy orders in the first six months of this year.
This shows that bankruptcies are creeping up again, mirroring the state of the wider economy.1 Aug 2011 - 12:00am