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Debt Restructuring
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PV Makers File Reports or Extension for Form 20-F
May 2, 2017PV companies Canadian Solar, ReneSola, and Hanwha Q CELLS have already filed their annual reports for 2016 Form 20-F, while Yingli Green Energy has filed an extension since it is unable to filed its report on time. Press releases published ...
Tags: PV Cell, Solar Panel
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Nine Dragons Paper Announces Fy2016 Annual Results
Sep 27, 2016Nine Dragons Paper announced the audited consolidated results of the company and its subsidiaries for the year ended 30 June 2016. The Board has declared and approved a final dividend of RMB 8 cents per share, and special dividend of RMB ...
Tags: Nine Dragons Paper, annual results
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Pacific Sunwear Files for Bankruptcy
Apr 11, 2016Pacific Sunwear of California, Inc. entered into a restructuring support agreement (RSA) with affiliates of Golden Gate Capital, the holder of its secured term loan provider under the company's financing facilities. In conjunction with the ...
Tags: Pacific Sunwear, RSA, Golden Gate Capital, Bankruptcy
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Chinese Solar Panel Makers Shift to Thailand
Jan 25, 2016A slew of factors is persuading companies to expand abroad to access the global market Rising costs and steep anti-dumping duties in the United States and Europe, coupled with a desire to expand overseas, are increasingly driving major ...
Tags: Solar Panel, Solar Energy Products
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US Steel Canada Owes Over $94 Million to Contractors and Suppliers
Sep 25, 2014Local news reported Tuesday that US Steel Canada, which has recently applied for creditor relief, owes over $94 million to contractors and suppliers, including 190 companies in the Hamilton, Ontario area, but the preliminary list of ...
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Azgard Nine Continues to Be in The Grip of Liquidity Crisis
Jan 2, 2014Pakistan-based Azgard Nine Ltd (ANL), one of the largest denim products company by sales in Pakistan, continues to be in the grip of liquidity crisis as there is strong resistance to fresh working capital loans from the lenders, who have ...
Tags: Azgard Nine, Liquidity Crisis
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Titan Petrochemicals Limited Announced Key Indicative Terms of Debt Restructuring Proposal
Nov 29, 2013Titan Petrochemicals Group Limited announced key indicative terms of a new debt restructuring proposal for further discussion with creditors and other relevant parties. A creditors' meeting will be held for obtaining indicative consent on ...
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An Advanced Talks Was Maken to Acquire TI Automotive by Bain Capital
Nov 15, 2013Bain Capital is in advanced discussions over the acquisition of auto parts supplier TI Automotive in a deal valued at nearly $2bn. Bain Capital is in advanced discussions over the acquisition of auto parts supplier TI Automotive in a deal ...
Tags: TI Automotive, Bain Capital
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Brazilian Oil Firm OGX Owned by Tycoon Eike Batista Filed for Bankruptcy
Nov 4, 2013Brazilian oil firm OGX owned by tycoon Eike Batista, filed for bankruptcy Wednesday, after negotiations with creditors failed. If its pedition is approved by court, OGX would have six months to continue operating while it tries to ...
Tags: Metallurgy, Mineral, Energy
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Shanxi Took Measures to Stabilize The Local Coal Market and Ease The Mounting Pressure
Aug 1, 2013As coal prices remain lackluster due to sluggish demand, Shanxi took measures to stabilize the local coal market and ease the mounting pressure that coal producers in the province have been feeling since January. The Shanxi provincial ...
Tags: Local Coal Market, sluggish demand
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Parliamentary Standing Committee Report on Labour Has Criticized Indian Textiles Ministry
May 9, 2013Parliamentary Standing Committee report on Labour has criticized the Indian Textiles Ministry for its failure to use the budgetary grant of Rs. 70 billion for 2012-13, which was later revised to Rs. 45 billion. In its report submitted ...
Tags: Textiles Ministry, Textiles
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Predominantly Cotton Faced a Crisis During 2008 and Again a Grave Crisis During 2010
Apr 19, 2013The predominantly cotton based textile industry in India faced a crisis during 2008-09 due to global recession and again a grave crisis during 2010-11 owing to high volatility in cotton prices and certain external factors. The Government ...
Tags: textile industry, textile, Apparel
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Avaya CEO Kevin Kennedy: Businesses Will See Value to Some of Its Features
Apr 1, 2013Despite what he sees as shortcomings of Microsoft’s real-time communications platform, Lync, businesses will see value to some of its features, and supplement those with products from Avaya, says Avaya CEO Kevin Kennedy. “Are ...
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India Plans to Add Additional Employment to The Tune of 15.81 Million
Mar 20, 2013The 11th Five Year Plan growth targets for textiles sector were (a) cloth production to grow at the rate of 12 percent in volume terms; (b) clothing and apparel to grow at the rate of 16 percent in volume terms and 21 percent in value ...
Tags: fabric output, fabric, textiles sector
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Indian Textile Industry Is Looking for Various Schemes and Assistance in The Union Budget
Mar 1, 2013The Indian textile industry, employing over 100 million people directly and indirectly has been looking for various schemes and assistance in the Union Budget 2013-14 to regain its global competitiveness which faced the worst ever crisis in ...
Tags: textile industry, Union Budget, SIMA