DeniseWee
Stories by DeniseWee
Oaktree, Apollo lead global giants looking to invest in distressed Indian assets
Funds have pumped $1.5b in distressed assets this year, 55% more in 2019.
Temasek unit in talks to invest at least $400m in struggling Pacific International
Heliconia Capital Management could take a combination of equity and debt in the struggling shipping line.
Singapore utility Hyflux’s suitor Utico says willing to walk away from rescue deal
The development is an added complication in Singapore’s highest-profile restructuring case.
Hong Kong funds eye Singapore offices to dodge protest fallout
The development adds to signs that Singapore is picking up business in part due to the protests.
Singapore’s debt-laden Hyflux reaches restructuring deal with Utico
Hyflux will get investment totaling $293 million from Utico.
Reliance Communications unit GCX files for bankruptcy
GCX Ltd., which owns the world’s largest private undersea cable system, is the latest company owned by the tycoon to stumble.
Hyflux suitor Utico eyes $366m Singapore IPO in two years
Utico also plans to relist Hyflux after restructuring by the end of 2019 or early next year.
Shunned by local lenders, India’s shadow banks seek succour in foreign funding
The country’s non-banking financial companies have raised more than $2 billion of overseas bonds and loans in 2019.
How Hyflux founder Olivia Lum’s business empire came undone
Saddled with S$2.8 billion ($2.1 billion) of unsecured claims and default notices, Hyflux is teetering on the brink of insolvency.
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 i
