Latest News for: Asset restructuring


Nasdaq to launch cryptocurrency custody service soon

OBN 25 Mar 2023
“We are working to get the necessary technical infrastructure and regulatory approvals,” Ira Auerbach, vice president of Nasdaq Digital Assets, said in an interview with Bloomberg ... Incorporated assets must be traded on at least two major exchanges, be supported by at least one major custodian, and undergo quarterly rebalancing and restructuring.

Once mighty Steinhoff nears end of days after shareholders reject debt plan

Independent online (SA) 24 Mar 2023
The once mighty Steinhoff International looks like it has finally run out of rope to turn around its fortunes as it faces a credit default and possible liquidation after its shareholders voted against a crucial restructuring plan ... The group’s debts exceed its assets by €3.5bn.

Weekly Must-Read: Why China’s Bond Traders Got Cut Off From the Data They Needed

Caixin Online 24 Mar 2023
Red ink reflects restructuring amid government bailout as well as falling asset ...

Buy Equitas Small Finance Bank, target price Rs 77: Motilal Oswal Financial Services

The Times of India 24 Mar 2023
Motilal Oswal Financial Services has buy call on Equitas Small Finance Bank with a target price of Rs 77 ... Financials ... Investment Rationale ... On the asset quality front, collection efficiency has improved to Pre-Covid levels while gradual moderation in 1-90DPD and restructured book augurs well for incremental asset quality ... Promoter/FII Holdings ... .

Eagle Plains Resources Ltd. Announces the Mailing and Filing of Its Management Information Circular to ...

Eagle-Tribune 24 Mar 2023
("ER") which will hold many of Eagle Plains' diverse portfolio of royalty assets. The restructuring will enhance the valuation of Eagle Plains' extensive royalty interests, enabling ER to market and develop its royalty assets while seeking additional royalty acquisition opportunities.

Diebold Nixdorf, Incorporated Announces Extension of Exchange Offer with respect to its Outstanding 8.50% Senior ...

Longview News-Journal 24 Mar 2023
trucking, given the Company's reliance on suppliers, subcontractors and availability of raw materials and other components;the Company's ability to raise necessary equity capital to pay the 2024 Senior Notes at maturity if there is insufficient participation in the Exchange ...

Stuart Peltz, Ph.D., Rare Disease Pioneer, to Retire as Chief Executive Officer of PTC Therapeutics

Victoria Advocate 24 Mar 2023
(NASDAQ. PTCT) ... Dr ... The transition is effective immediately ... PTC acquired BioElectron's assets in 2019 ... Klein led the restructuring of the company with successful implementation of new strategic and operational plans and led the development of two novel small molecules targeting CNS diseases from discovery to early and late clinical development stages.

The US-NATO War of Aggression against Yugoslavia

GlobalResearch 24 Mar 2023
The EBRD president appoints the commission chair and is in charge of public sector restructuring, i.e., the sell-off of state- and socially-owned assets and the procurement of long-term investment funds.9 Western creditors explicitly created the EBRD “to give a distinctively political dimension to lending.” 10.

Evergrande dollar debt revamp plan fails to cheer investors

Reuters 23 Mar 2023
Its offshore debt restructuring, the country's biggest such exercise, is aimed at saving it from a disorderly collapse ... Some bondholders have been pushing Evergrande to sweeten the restructuring deal with domestic assets, but Wednesday's proposals did not include such terms.

Evergrande offers debt swap in restructuring plan

Taipei Times 23 Mar 2023
China Evergrande Group (恆大集團), once among China’s biggest developers and now a poster child for its property crisis, laid out details of a multibillion-dollar restructuring plan that calls for its offshore creditors to swap their debt for new securities ... The debt restructuring is ...

Momentum Pick: 38% upside on cards! SBI investors can make Rs 200 per share gains

The Times of India 23 Mar 2023
Nifty PSU Bank index is up by 37% during this period ... SBI ... CMP ... The asset quality performance remains strong with consistent improvements in headline asset quality ratios, while the restructured book remains under control at 0.9%, the brokerage note said further ... The brokerage sees no asset quality issues as 34% of its book accounts for domestic loans.

Wejo Anticipates Earlier Free Cash Flow Breakeven Point with Cost Reductions

Maryville Daily Forum 23 Mar 2023
MANCHESTER, England--(BUSINESS WIRE)--Mar 23, 2023--. Wejo Group Limited (NASDAQ ... marketplace business during 2023.” ... About Wejo ... (1) share-based payments to employees and third party vendors; (2) depreciation of equipment and amortization of intangible assets; (3) transaction-related bonuses and costs; and (4) restructuring charges ... CONTACT. Investors..

Altria Holds Investor Day; Introduces 2028 Enterprise Goals; Provides Updates on Product Development Efforts; Reaffirms ...

The Galveston Daily News 23 Mar 2023
These items may include, for example, loss on early extinguishment of debt, restructuring charges, asset impairment charges, acquisition-related and disposition-related costs, equity investment-related special items (including any changes in fair value of our equity investment ...

Bids for Bandhan's non-performing assets

The Telegraph India 22 Mar 2023
Bandhan Bank last December had announced the sale of group loan and small business and agri loans worth Rs 8,897 crore to an asset restructuring company for a consideration of Rs 801 crore on security receipts basis pursuant to a Swiss challenge method.

West at fault for the debt burden of developing countries

China Daily 22 Mar 2023
Despite such statistics, some Western countries have launched a broad propaganda campaign, in which China is portrayed as the main creditor lending money to corrupt foreign rulers to build infrastructure in the expectation that the borrowers will default, enabling it to confiscate state assets in its supposed quest for world domination.

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White pills spilled on table
Creative Commons
In this March 31, 2021, file photo provided by the National Task Force-West Philippine Sea, Chinese vessels are moored at Whitsun Reef, South China Sea.
AP / National Task Force-West Philippine Sea