Bankrupt Sri Lanka to seek debt moratorium until 2028
SRI Lanka’s president said on Wednesday (Mar 6) he was seeking a moratorium on foreign debt repayments until 2028, following a government...
Changes to SGX restructuring framework are an upgrade – for judicial managers
IF TAYLOR Swift had to perform in a school hall with poor acoustics and a decades-old sound system, would she still sound...
SGX RegCo proposes rule changes to aid company restructuring
FINANCIALLY distressed companies undergoing restructuring may dispose of significant assets without the approval of shareholders and have their trading suspension waived under...
Sri Lanka targets debt restructuring framework in first 6 months of 2024, says President
SRI Lanka expects to implement a debt restructuring framework within the first six months of 2024, the country’s president said on Wednesday...
Sri Lanka eyes US$5 billion in foreign funds after debt restructure
SRI Lanka expects to attract about US$5 billion in foreign funds in the next two years once it is able to finalise...
Atos cancels 720 million euros rights offering ahead of debt wall
ATOS cancelled a planned 720 million euros (S$1 billion) rights offfering and requested a court-appointed mediator to help with refinancing negotiations with...
Evergrande EV unit suspends talks with Dubai’s NWTN on redrafting deal
CHINA Evergrande New Energy Vehicle (NEV) said on Friday (Feb 2) it has suspended negotiations on amendments to the terms of a...
Credit Suisse’s restructuring deal with Sanjeev Gupta’s GFG in doubt
A RESTRUCTURING deal between Sanjeev Gupta’s GFG Alliance and Credit Suisse has been thrown into doubt, after the steel group failed to...
Tycoon Haselsteiner pledges 25 million euros to Signa development
AUSTRIAN tycoon Hans-Peter Haselsteiner said he is ready to contribute as much as 25 million euros (S$36.45 million) to Signa group’s insolvent...
Country Garden’s offshore creditors hire advisers for debt talks
A GROUP of Country Garden Holdings’ creditors has appointed financial and legal advisers, paving the way for more debt talks in what...