Latest News for: Asset restructuring

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Shareholders of SA's biggest sugar producer Tongaat Hulett approve R4bn rights issue plan

Independent online (SA) 19 Jan 2022
Tongaat has reduced its debt from R11.35bn to R6.5bn since 2020 through asset sales, cutting costs and improving operations and restructuring ... He said the board did not believe shareholders would benefit from a break-up of the group’s core assets, something that might have occurred had the resolution to hold the rights issue not succeeded.
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Vinson & Elkins Launches Aviation Finance Practice

The Salamanca Press 18 Jan 2022
Berkery's practice focuses on asset backed securitizations (ABS), airline and aircraft lessor restructurings, secured and unsecured lending, aircraft portfolio sales, industry-specific joint ventures and mergers and acquisitions.
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SASAC: Goals of 3-year action plan to be 'fully achieved'

China Daily 18 Jan 2022
The central SOEs have taken a series of measures to promote strategic restructuring and business integration last year, Weng Jieming, vice-chairman of the State-owned Assets Supervision and Administration Commission of the State Council, said during a meeting on Monday.
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Citi, Fubon talk Chinese assets sale, sources say

Taipei Times 18 Jan 2022
They are aiming to sign an agreement in the next few weeks and the assets could be valued at about US$1.5 billion, the people said ... The China assets sale is part of Citigroup chief executive officer Jane Fraser’s business restructuring that has sought to dispose of retail banking operations in 13 countries across Asia and Europe.
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Citi in talks with Fubon on $1.5 billion China asset sale: Sources

Live Mint 18 Jan 2022
They are aiming to sign an agreement in the coming weeks and the assets could be valued at about $1.5 billion, the people said ... The China asset sale is part of Citigroup Chief Executive Officer Jane Fraser’s business restructuring that has sought to dispose of retail banking operations in 13 countries across Asia and Europe.
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Fubon closes in on US$1.5b Citi deal

Hong Kong Standard 18 Jan 2022
Fubon is Taiwan's second-biggest financial holding company by assets ... The Standard Channel. IOS Android. IOS Android. More>>. The China asset sale is part of Citigroup chief executive officer Jane Fraser's business restructuring that has sought to dispose of retail banking operations in 13 countries across Asia and Europe ... Bloomberg. .
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Truist reports fourth quarter and full year 2021 results

Watauga Democrat 18 Jan 2022
Adjusted Efficiency Ratio - The adjusted efficiency ratio is non-GAAP in that it excludes securities gains (losses), amortization of intangible assets, merger-related and restructuring charges, and other selected items ... restructuring charges and other selected items, net of tax.
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The week in bankruptcies: KR Calvert Co. LLC and Calvert Health LLC

Business Journal 18 Jan 2022
... assets to satisfy creditor claims, while Chapter 11 protection enables a business to restructure… .
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Safe Site Youth Development Inc. files for bankruptcy in New Mexico

Business Journal 18 Jan 2022
Chapter 7 bankruptcy protection typically provides for the liquidation of a business’ assets to ...
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Concentrix Reports Fiscal 2021 Fourth Quarter and Full Year Results

Kentucky New Era 18 Jan 2022
... expenses, including related restructuring costs, spin-off related expenses, amortization of intangible assets, share-based compensation and gain on divestitures and related transaction costs.Free cash flow, which is cash flows from operating activities less capital expenditures.
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Endo Reaches Agreement Intended to Settle Florida Governmental Opioid Cases and Claims

Victoria Advocate 18 Jan 2022
Those remedial measures could include a potential corporate reorganization, restructuring or bankruptcy filing involving all or a portion of our business, asset sales or other divestitures, cost-saving initiatives, corporate realignments or strategic partnerships.
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From auto to vegetable prices: How Omicron is impacting the Indian economy

The Times of India 17 Jan 2022
With three successive waves of Covid, the impact on unsecured small ticket loans segments (such as MFIs, personal loans, SME loans) is higher than other asset (secured) classes ... The third wave is posing a risk to asset quality of banks, especially the restructured loan book, says credit rating agency ICRA.
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HDFC Bank stock can rally up to 30% despite Q3 irritants: Analysts

The Times of India 17 Jan 2022
Asset quality, however, remains robust, said analysts, who added that HDFC Bank's lower asset quality vulnerability than its peers, even in Covid-times, bears testament to its risk selection and capital productivity consciousness ... Asset quality ratios have improved while the restructured book too moderated to 1.4 per cent of loans, it pointed out.
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HDFC Bank shares fall post Q3 earnings despite broadband growth

Financial Express 17 Jan 2022
The country’s largest private bank reported an 18% year-on year (Y-o-Y) rise in its October-December net profit to Rs 10,342.2 crore – primarily backed by stable asset quality and a healthy rise in the net interest income (NII) ... “Asset quality ratios have improved, while the restructured book too moderated to ~1.4% of loans.
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Shanghai Composite Index Rose 0.58% on Monday

Caixin Online 17 Jan 2022
CSRC proposed new rules for funds with more than $31.49 billion of assets and 50 million investors, imposing limits aimed at reducing risk ... · Ant Group’s Consumer Finance Restructuring Hits Speedbump as State Firm Decides It Won’t Invest. Cinda Asset Management has pulled out of its planned $944 million investment into a unit of the fintech giant ... .
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