Latest News for: Asset restructuring

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BlockFi creditor group approves restructuring plan; lending users await payouts

Cryptoslate 01 Oct 2023
BlockFi’s restructuring plan has been approved by the company’s management and creditor committee, according to an email sent to users on Sept ... BlockFi said that the plan will allow it to recover assets that FTX, Three Arrows Capital (3AC), and other parties owe to it.
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Experts: Evergrande faces growing liquidation risk

China Daily 30 Sep 2023
"The mandatory measures on Hui added major variables to Evergrande's debt restructuring plan ... More efforts are still needed from various parties to find solutions, including renegotiating debt restructuring terms, seeking new investors and selling assets," Bo said.
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Evergrande sold yacht in debt revamp: sources

Taipei Times 29 Sep 2023
Evergrande’s offshore bondholders are expected to sharpen their focus on offshore assets as the developer’s debt restructuring plan struggles with the founder now being investigated over suspected “illegal crimes.” ... Analysts have said delays to the debt restructuring raise the risk of the company being liquidated.
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Evergrande sells superyacht to cut offshore assets

Business Day 29 Sep 2023
Evergrande’s offshore bondholders are expected to sharpen their focus on offshore assets as the developer’s debt restructuring plan flounders with the founder now being investigated over suspected “illegal crimes” ... Analysts have said delays to the debt restructuring raise the risk of the company being liquidated.
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Evergrande sold yacht this year, say sources, as creditors sharpen focus on offshore assets

Reuters 29 Sep 2023
Evergrande's offshore bondholders are expected to sharpen their focus on offshore assets as the developer's debt restructuring plan flounders with the founder now being investigated over suspected "illegal crimes" ... Analysts have said delays to the debt restructuring raise the risk of the company being liquidated.
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Evergrande says its Chairman is under investigation for "crimes"

Beijing News 29 Sep 2023
Its stock had been plunging all week as the attempts to restructure its debts were put on hold ... If the offshore debt restructuring fails, and Evergrande is unable to reach a new deal with its creditors, it could face liquidation, where its assets are sold and it stops all operations, according to CNN.
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Trading of shares of China Evergrande suspended in Hong Kong

NewstalkZB 29 Sep 2023
The group is undergoing a restructuring plan, including offloading assets, to avoid defaulting on $340 billion in debt ... Last week, Evergrande said in a filing that it had to delay a proposed debt restructuring meeting with creditors as “sales of the group have not been as expected by the company.”.
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China Blocks Executive at U.S. Firm Kroll From Leaving the Mainland

Live Mint 29 Sep 2023
China rejects that characterization as politically biased.Chan has long experience working on insolvency and restructuring cases, which often includes helping creditors recover money by identifying assets. He previously worked for Borrelli Walsh, a firm that specializes in restructurings and insolvencies, which has worked on multiple deals in China.
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China Evergrande trading halted

Arkansas Democrat-Gazette 29 Sep 2023
The group is undergoing a restructuring plan, including offloading assets, to avoid defaulting on $340 billion in debt ... Last week, Evergrande said in a filing that it had to delay a proposed debt restructuring meeting with creditors as "sales of the group have not been as expected by the company.".
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HILCO REAL ESTATE ANNOUNCES THE SALE OF 39,900� SF INDUSTRIAL WAREHOUSE IN DELTA, CO

Victoria Advocate 29 Sep 2023
Acting as an agent or principal, HRE uses its experience to advise and execute strategies to assist clients in deriving the maximum value from their real estate assets. By leveraging multi-faceted sales strategies and techniques, aggressive repositioning and restructuring ...
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Cano Health Announces Change in Chief Financial Officer Role

Longview News-Journal 29 Sep 2023
His expertise, professionalism, and poise helped navigate our company through several pivotal periods of change, including organizational restructuring and strategic asset divestitures ... from Cano Health's restructuring activities and/or a sustained higher inflationary environment.
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HILCO REAL ESTATE ANNOUNCES THE SALE OF TWO EXCEPTIONAL MIXED-USE DEVELOPMENT SITES IN AUSTIN, TEXAS

The Galveston Daily News 29 Sep 2023
Acting as an agent or principal, HRE uses its experience to advise and execute strategies to assist clients in deriving the maximum value from their real estate assets. By leveraging multi-faceted sales strategies and techniques, aggressive repositioning and restructuring ...
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Trading of shares of heavily indebted property developer China Evergrande suspended in Hong Kong

Federal News Radio 28 Sep 2023
The group is undergoing a restructuring plan, including offloading assets, to avoid defaulting on $340 billion in debt ... Last week, Evergrande said in a filing that it had to delay a proposed debt restructuring meeting with creditors as “sales of the group have not been as expected by the company.”.
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Another proposal to split up PIA under study

The News International 28 Sep 2023
While seeking applications for hiring a financial adviser to restructure the loss-making Pakistan International Airlines (PIA), the national flag carrier is facing an acute financial crunch, leaving no other option but to bifurcate its core business and physical assets for parking all outstanding liabilities.
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Evergrande shares suspended from trading as liquidation concerns mount

CNN 28 Sep 2023
Evergrande has been trying to implement a government-supervised restructuring of its debts ... If the offshore debt restructuring fails, and Evergrande is unable to reach a new deal with its creditors, it could face liquidation, where its assets are sold and it stops all operations.
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