Debt restructuring
Shariot’s woes reflect rough road for car-sharing in Singapore: observers
High and fluctuating costs, small scale and operational difficulties may have been factors
Singapore car-sharing service Shariot, related firms face S$180 million debt; exploring survival options
Lawyer’s letter to creditors requests temporary standstill on enforcement or recovery actions
Country Garden to issue nearly US$13 billion in bonds as part of restructuring plan
CHINA’S Country Garden said on Friday it would issue bonds worth about US$13 billion as part of offshore debt restructuring, a move aimed at easing one of the biggest defaults in the country’s propert...
New World tells creditors not much room to sweeten debt swap
The plan to swap existing debt for new securities includes haircuts of as much as 50% on perpetual bonds
Nissan sells Yokohama headquarters for 97 billion yen as part of restructuring
[TOKYO] Nissan Motor said on Thursday (Nov 6) that it has concluded a 97 billion yen (S$840 million) trust beneficiary rights transfer agreement to sell and leaseback its global headquarters in Yokoha...
The Projector owes S$1.2 million to creditors; Golden Mile cinema put up for rent
Creditors include the cinema’s members, owed close to S$90,000, as well as banks, Cathay Cineplexes and the Composers & Authors Society of Singapore
The Projector’s closure leaves film distributor scrambling for new screening venues
Anticipate Pictures urges the public to suggest suitable venues following the loss of its primary screening partner
South Korea to announce plan to restructure petrochemical sector facing ‘grave’ situation
[SEOUL] South Korea’s government will announce a plan this month to restructure the country’s petrochemical sector, which is in a “grave” situation, Industry Minister Kim Jung Kwan said on Thursday.
Chinese builder Fantasia to unveil new restructuring plan
[BEIJING] Chinese developer Fantasia Holdings Group plans to release a new restructuring plan in the coming weeks after previous attempts fizzled, people familiar with the matter said, underscoring th...
Nissan seeks to delay supplier payments to free up cash, company emails show
[TOKYO] Nissan Motor has asked some suppliers to allow it to delay payments to free up short-term funds, according to several emails and a company document reviewed by Reuters, as the troubled Japanes...
