Search Results for:Denise Wee

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.

TPG, Affinity Equity Partners-backed Global A&T files for bankruptcy

The chip-assembler listed debt of more than $1 billion and assets of over $500 million in Chapter 11 papers filed in U.S. Bankruptcy Court in New York.

China’s HNA meets with banks to chew over 2018 financing

Representatives from eight Chinese banks’ branches in the southeastern province of Hainan, where HNA is based, met with the group.

India: 12 large debtors attract big funds as govt nudges bad debt into spotlight

The assets held by the dirty dozen include Essar Steel, Bhushan Steel and Bhushan Power & Steel.

India’s capital boost for banks to help clear loans: Kotak Investment Advisors’ head

The government’s pledge of capital for beleaguered state banks could make it easier for distressed funds to buy loans.

Zombies propped up as China’s debt swaps surpass $100b

Concerns are rising that undeserving companies are benefiting while households are getting saddled with risks.

UBS Asset Management hiring in China amid race to capture private funds market

Fidelity International in May became the first global asset manager to start a private fund in China, while BlackRock Inc. said this month it is preparing to start a private fund in China.

Singapore: Noble Group shares plummet after $1.8b loss warning, asset sales

Noble Group Ltd. plummeted in Singapore after the company warned of a quarterly loss of as much as $1.8 billion and announced the sale of more assets, abandoning its ambitions in global commodities trading and falling back on its Asian roots in a last-ditch effort to survive. The shares sank as much as 49 percent to 29.5… Read more »

Singapore’s Noble Group `fighting for its life’ as S&P sees default risk

The 2020 bonds fell to a record low.