restructuring

Venture capital firm Sequoia has reportedly laid off seven staffers from its operations team. The job cut affected one-third of the company's staff which helps in recruitments for startups in its portfolio, Forbes quoted its chief…

A Chinese aircraft-use measuring instrument manufacturer said it plans to issue $2.45 billion worth of new stock to a state-owned aviation and defence firm that effectively controls it, in exchange for the latter's jet fighter…

Jack Ma-backed Ant Group is planning a restructuring that will break off some non-core operations of its China financial-related business, Bloomberg News reported on Tuesday, citing people familiar with the matter.The Alibaba Group…

:Jack Ma-backed Ant Group is planning a restructuring that will break off some non-core operations of its China financial-related business, Bloomberg News reported on Tuesday, citing people familiar with the matter.The Alibaba Group…

HONG KONG : Cash-strapped Chinese property developer Zhongliang Holdings said its offshore debt restructuring proposal has received support from holders of 38.5 per cent of its bonds so far. Zhongliang in June announced the terms to…

Wilko, one of Britain’s biggest discount retailers, is racing to secure a cash injection as it prepares to launch a financial restructuring aimed at securing its future.Sky News has learnt that Wilko, which is owned by its…

HONG KONG: Shimao Property said on Monday (Jul 3) it may include its hotel in Hong Kong as a sweetener in its offshore debt restructuring, instead of selling the property. Shimao, the first major Chinese developer to kick off formal…

Sri Lanka, on Thursday (June 29) began a five-day bank holiday as the crisis-hit nation is in the midst of restructuring $42 billion in domestic debt. Analysts say that this long bank closure will help absorb any shocks to the country’s…

COLOMBO: Debt-laden Sri Lanka will unveil its domestic debt restructuring strategy this week, central bank chief P Nandalal Weerasinghe said on Sunday (Jun 25), as the island navigates its worst financial crisis in decades. Sri Lanka will…

The owner of Hotter Shoes is drawing up plans to resort to an emergency restructuring mechanism amid stuttering hopes of a sale.Sky News has learnt that London-listed Unbound Group has asked its advisers at Interpath to…