Denise Wee

Hong Kong-listed L’Occitane to buy skincare brand Elemis for $900m

L’Occitane said the acquisition will help bolster its growth globally and Elemis will leverage on the acquirer’s geographical presence to expand into new markets.

Reverberations of probe into Indonesia’s Lippo felt in Singapore’s bond markets

Singapore dollar-denominated notes issued by First REIT, and those sold by OUE Ltd., controlled by the Riady family, have dropped as a liquidity crunch prompts concern the group is using other entities to help shore up finances.

Former Goldman banker seeks to bridge India lending gap after IL&FS defaults

SC Credit Fund, which lends to small- and mid-sized companies at 16-18%, has raised about $75 million from investors, according to Siddharth Bhargava, CIO of India credit for Samena Capital, which jointly manages the fund with advisory firm Catalyst.

Morgan Stanley-backed Abax aims to plug funding gap amid China’s shadow banking crackdown

The firm is among a handful of debt funds looking to profit as regulators crack down on China’s $10 trillion shadow banking industry.

Distressed debt investor Oaktree Capital says India may be growth engine in 3-5 years

Oaktree doesn’t have an onshore presence in India, and currently invests a “very, very small amount” in the nation.

Embattled Noble Group sued by top investor as it defaults on debt

Goldilocks Investment has filed a lawsuit in the Singapore High Court against Noble and its executives, alleging the trader inflated profits to raise money.

Noble races to reach deal with creditors ahead of March 20 deadline

The company said it was “very close” to reaching final terms on a restructuring deal with a so-called ad hoc group of largely hedge fund creditors.

Clause absolving legal action against Noble Group raises concerns

Noble’s debt restructuring plan already faces opposition from a group of junior noteholders and Goldilocks Investment Co., its fifth largest shareholder.

Ex-Lehman banker Wong sees opportunities in India’s bankruptcy overhaul

“The whole world is looking at India now,” said Wong. “It could be a once-in-a-lifetime opportunity.”

China’s debt-laden dealmakers including HNA attract interest of restructuring firms

HNA missed payments to several Chinese banks and its bond yields have in recent months traded at times at levels that are often considered distressed.