bankruptcy

Company in the news

The race is on to save once popular fashion chain Forever 21

(Jan 31): Bankrupt retailer Forever 21 Inc has asked a bankruptcy court to approve plans to sell “substantially all” of its assets to a buyer who might keep the chain in business.

Company in the news

SingPost's US e-commerce units seek bankruptcy protection

SINGAPORE (Sept 19): Singapore Post (SingPost) today announced that its two e-commerce businesses in the US – Jagged Peak and TradeGlobal – have filed for voluntary petitions for relief under Chapt

Bonds and treasuries

Singapore opens new door for bondholders to chase default losses

(Oct 9): Singapore is giving liquidators of insolvent companies a new tool to retrieve funds for bondholders and other creditors.

Management & Corporate Governance

Noble chairman pleads for shareholder support to stay afloat

SINGAPORE (Apr 19): Noble Group is currently in default on US$3.4 billion ($4.5 billion) of its financial debt obligations and the group can only survive with the support of its creditors, says cha

Management & Corporate Governance

Jilin Midas Aluminium Industries put under judicial management

SINGAPORE (Apr 16): Midas says a court application has been filed against Jilin Midas Aluminium Industries (Jilin Midas) in China on Apr 2 by a lender called Yu Song.

Singapore chip firm global A&T files for bankruptcy in NY

(Dec 18): Global A&T Electronics, a Singapore-based chip assembler that took on hefty debt a decade ago through a buyout by TPG Capital and Affinity Equity Partners, filed for bankruptcy as a 2

Mermaid announces $9.4 mil contract win; says subsidiary ‘largely unaffected’ by Seadrill

SINGAPORE (Sept 14): Mermaid Maritime announced Thursday that it has won a long-term submarine cable survey contract in the Middle East worth an estimated US$7 million ($9.4 million).

Global Economy

In Japan, zero public companies went bust in 2016

TOKYO (April 5): Corporate Japan achieved a rare feat in the fiscal year that ended last week. Not one of its almost 4,000 publicly-traded firms filed for bankruptcy protection.

Broker's Calls

How SATS profited from Hanjin's loss in 3Q

SINGAPORE (Feb 10): Maybank Kim Eng is maintaining its “sell” call on SATS with an unchanged price target of $3.76, despite noting a “good quarter” where the gateway and food solutions provider’s c

2013 Penny Stock Crash

Former ISR Capital chairman’s bankruptcy annulled less than 6 months after order

SINGAPORE (Feb 9): The bankruptcy order made against Md Wira Dani Abdul Daim in Aug 2016 has been annulled by the Official Assignee and last month, gazetted, according to an article by The Straits

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