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.Monday, 13 August, 2012, 9:46am
Debt-ridden electronics goods maker Orient Power Holdings plunged into a $1.25 billion net loss last year from a $38.05 million net profit a year ago as a result of provisions and restructuring costs.28 Apr 2006 - 12:00am
With huge debt restructuring costs behind it, Lai Sun Development points to surge in interim operating earnings
Lai Sun Development said yesterday it had completed a massive debt restructuring, having refinanced all its borrowings and paid out $1.48 billion in a settlement with bondholders and other creditors.16 Apr 2005 - 12:00am
Singapore Hong Kong Properties Investment's loss widened to HK$261.98 million last year from HK$199.41 million a year earlier.
The poor result was due to a HK$110 million write-off for an investment security, a finance cost of HK$41.59 million, property revaluation and impairment loss of HK$28 million and a HK$70.98 million loss from property disposals.29 Apr 2003 - 12:00am
Beijing appears to have stepped up its efforts to restructure the debt-plagued investment arms of local authorities and government ministries after months in limbo.
Yesterday Dalian International Trust and Investment Corp (Ditic) - a major mainland trust and investment company - became the latest to announce a debt restructuring plan.15 Dec 1999 - 12:00am
Baotou Iron and Steel Works (BISW) is in discussions with the central government over the debt-to-equity swap scheme, according to Baotou vice-mayor Wang Shipu.
BISW, one of the mainland's main steel-makers, has been earmarked for drastic management and structural reforms.21 Sep 1999 - 12:00am
Troubled telephone-maker HB International Holdings has made an agreement in principle with a consortium of investors and a number of banks for a capital injection into the company and debt restructuring. 'The company has accordingly instructed lawyers to draft the necessary documentation to formalise the full terms of the proposal,' the company said.22 Jan 1999 - 12:00am
UDL Holdings yesterday confirmed it had hired Ernst & Young as one of the advisers for its debt restructuring. It said it had $1.2 billion in outstanding bank borrowings. The company also said its entire holding of 300 million shares in its locally listed electrical engineering arm KEL Holdings had been pledged to a private company as collateral for a $30 million loan.4 May 1998 - 12:00am
Troubled lingerie maker Top Form International saw first-half losses cut to $49.76 million from $68.3 million, but said a debt restructuring proposal was yet to be finalised.
The net figure included a $27.5 million exceptional loss arising from provisions for bankrupt French subsidiaries and professional charges associated with the restructuring proposal.27 Mar 1997 - 12:00am
Troubled electronics group Yeebo (International Holdings), in which shares have been suspended for almost a year, last night unveiled a long-awaited recapitalisation plan to bail out the company.12 Mar 1997 - 12:00am