Tata Sons charting new path to sidestep Dalal Street
Mumbai: Tata Sons is understood to be working on a plan to restructure itself to become compliant with Reserve Bank of India (RBI) rules. This follows the RBI declining to …
restructuring
Chinese developer Country Garden receives winding-up petition in Hong Kong over US$204 million loan
Embattled Chinese developer Country Garden faces a winding-up petition in Hong Kong, months after the company started what is expected to be the second-largest restructuring effort among its peers, following …
Standard Chartered considers revamp of institutional banking arm to boost returns
Standard Chartered is considering restructuring its institutional banking arm, the unit that houses the firm’s investment bankers and traders, as part of the latest effort by chief executive officer Bill …
China property: Country Garden auctioning US$530 million worth of assets in Guangzhou to overcome cash crunch, defaults
Embattled mainland Chinese developer Country Garden Holdings has put a chunk of assets on the block in Guangzhou in a bid to repay sizeable debt due within the next six …
Distressed Chinese developer CIFI offers up new proposal hoping to slash US$7 billion offshore debt by half
CIFI seeks to address its aggregate offshore indebtedness by “deleveraging the company’s consolidated balance sheet” to reduce its offshore debt to between US$3.3 billion and US$4 billion. The company also …
Toyota Kirloskar Motor: Toyota Kirloskar Motor announces senior management rejig
Toyota Kirloskar Motor on Wednesday announced senior management changes to align with the recent regional restructuring by parent company Toyota Motor Corporation integrating India into its ‘Middle East, East Asia …
Chinese property developer Powerlong signs restructuring deal with creditors in ‘significant progress’ for debt solution plan
Distressed Chinese developer Powerlong Real Estate Holdings unveiled the preliminary terms of a restructuring agreement with an ad hoc group (AHG) of creditors late on Thursday, a deal which is …
ByteDance’s virtual reality unit Pico pushes new round of job cuts in restructuring move amid falling demand for headsets
ByteDance-owned virtual reality (VR) headset maker Pico is conducting a new round of job cuts in line with a restructuring, according to people familiar with the matter, as its sales …
China Evergrande: Hong Kong court adjourns winding-up hearing by 5 weeks, signals last reprieve for developer to sort out its debt
China Evergrande: Hong Kong court adjourns winding-up hearing by 5 weeks, signals last reprieve for developer to sort out its debt A Hong Kong court has adjourned a winding-up hearing …
China Holds Evergrande’s Embattled Billionaire Hui Ka Yan Under Police Control: Bloomberg
Hui Ka Yan, chairman of China Evergrande Group. (Photo by Paul Yeung/Bloomberg) © 2019 Bloomberg Finance LP Hui Ka Yan, the billionaire chairman of China Evergrande Group, has been placed …