Latest News for: Asset restructuring

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Govt set to appoint valuers to assess assets of 40 state PSUs, JV companies

The Times of India 02 Nov 2024
... aim of restructuring of PSUs or corporations is to improve operational efficiency, optimally utilise manpower and assets. The appointed valuers will assess assets and facilitate the restructuring.
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HC stays ED’s attachment of V Hotels’ city properties

Hindustan Times 02 Nov 2024
... restructuring, was entitled to immunity from enforcement actions related to alleged pre-restructuring financial irregularities, V Hotels argued that it was legally protected from attachment of asset.
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Facing thousands of lawsuits, Gainesville-based Exactech files for bankruptcy

The Gainesville Sun 01 Nov 2024
According to the release, the company "has entered into a comprehensive restructuring support agreement and asset purchase agreement with a group of its existing investors, pursuant to which the ...
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Intel takes €17.2bn hit in restructuring and impairment charges

The Irish Times 01 Nov 2024
Intel announced a massive $18.7 billion (€17.2 billion) set of restructuring and asset impairment charges on Thursday in an attempt to clear the decks and accelerate its effort to rebuild its competitiveness.
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Veren's share price plunges as oil producer lowers output forecast

North Shore News 31 Oct 2024
The company has been one of the most active Canadian oil and gas companies in recent years on the mergers and acquisitions front, as it sought to restructure its portfolio of assets to focus on the ...
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UAE businesses must integrate compliance activities into their operations: Ahmad Alagbari Chartered Accountants

Gulf News 31 Oct 2024
Business Restructuring Relief allows for tax-neutral intra-group transfers of assets and liabilities within a qualifying group under specific conditions.
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POSCO Holdings' Q3 net down 9.1% amid global steel industry slump

Korea Times 31 Oct 2024
Newsis ... POSCO Holdings also plans to accelerate restructuring efforts by expanding the number of low-profit businesses and non-core assets targeted for divestment from 120 to 125, aiming to streamline operations and enhance profitability. (Yonhap). .
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WazirX concludes the first creditor meet with only 4 out of 10 COC members in attendance

Cryptopolitan 30 Oct 2024
During the meeting, the company, alongside financial advisors from Kroll, touched upon the restructuring process and plans to address the asset shortfall and potential profit-sharing.
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Bausch Health Announces Third Quarter 2024 Results

Pharmiweb 30 Oct 2024
Adjusted net income (non-GAAP) is Net income (its most directly comparable GAAP financial measure), adjusted for asset impairments, goodwill impairments, restructuring, integration and transformation ...
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WazirX Hack: From India’s Leading Exchange To Its Most Controversial

NULLTX 30 Oct 2024
An official complaint was filed, while WazirX began communicating with its community, proposing partial asset recovery plans ... trace assets and exploring legal channels to track down the stolen funds.
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Another doomed trucking company files Chapter 7 bankruptcy

Aiken Standard 29 Oct 2024
All of this financial distress has forced shipping and logistics companies into out-of-court restructurings or bankruptcy court filings to reorganize their businesses, sell their assets as a going concern, or liquidate and shut down their operations.
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Distressed fast-food chain closes locations, no bankruptcy yet

Aiken Standard 29 Oct 2024
When out-of-court solutions are unsuccessful, some restaurant chains will file bankruptcy to reorganize their business, restructure debts, dispose of assets, or liquidate and close locations.
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Trinity Bank reports 2024 3rd Quarter Earnings - Return on Assets of 1.73%

ACCESSWIRE 29 Oct 2024
30, NONPERFORMING ASSETS 2024 2024 2024 2023 2023 Nonaccrual loans $ 0 $ 0 $ 0 $ 0 $ 115 Restructured loans 505 552 598 658 0 Other real estate & foreclosed assets 0 0 0 0 0 Accruing loans past due 90 ...
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A Massive US Manufacturer Now Files For Chapter 11 Bankruptcy

FrankNez 28 Oct 2024
A massive US manufacturer now files for Chapter 11 bankruptcy as it seeks a consensual restructuring of its debt to continue operating ... The company is seeking a consensual restructuring of its debt to continue operations.
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Egypt’s sovereign fund placed under Ministry of Investment umbrella

Egypt Today 28 Oct 2024
In September 2022, TSFE launched the Egypt Sub-Fund for Asset Management and Restructuring, allowing institutional investors to acquire shares in state-owned enterprises before they are made available for public subscription.

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