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December 4, 2007 |
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BENPRES HOLDINGS: Buys Debts for PHP32.3 Million and PHP5.8 Mil. Benpres Holdings Corp. and Lopez Inc. have purchased a total of US$43 million worth of debt held by Asian Infrastructure Fund, and PHP$9.5 million held by 5 LTCP holders... Read More |
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CAPITAL + MERCHANT: Placed in Receivership on Agreement Breach Capital + Merchant Finance Ltd and Capital + Merchant Investments Ltd have gone into receivership due to breaches in respect of general security agreements issued by the companies in favor of creditor Fortress Credit Corporation (Australia) 11 Pty... Read More |
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CNLT BHD: Reprimanded by BUrsa for Breach of Listing Requirement The Bursa Malaysia Securities Berhad has reprimanded CNLT (Far East) Berhad for breach of Paragraph 9.23 of Bursa Securities’ Listing Requirement:... Read More |
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FEDERAL-MOGUL: Expected Chap. 11 Exit Cues Moody's (P)Ba3 Rating Moody's Investors Service has assigned prospective ratings to the reorganized Federal-Mogul Corporation -- Corporate Family, (P)Ba3. In a related action Moody's assigned a (P)Ba2 rating to new senior secured credit facilities. The outlook is stable.... Read More |
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RIZAL COMMERCIAL: To Issue PHP5-Bil. Worth of Tier 2 Debt Notes The Rizal Commercial Banking Corp. is seeking to raise new capital by issuing Tier 2 debt notes initially worth PHP5 billion, the Manila Bulletin reports, citing anonymous sources within the financial market... Read More |
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SANYO ELECTRIC: Fitch Keeps BB+ Ratings on Negative Watch Fitch Ratings has announced that Sanyo Electric Co., Ltd.'s Long-term foreign currency Issuer Default Rating, Long-term local currency IDR and senior unsecured ratings of 'BB+' remain on Rating Watch Negative... Read More |
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SANYO ELECTRIC: To Invest JPY350 Billion to Bring Back Growth Sanyo Electric Co., Ltd., will invest JPY350 billion in its operations to revive earnings growth, Hiroshi Suzuki of Bloomberg News reports... Read More |
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WARRENMANG LTD: ASIC Moves to Protect IPO Investors As a result of proceedings brought by the Australian Securities & Investments Commission, investors in the failed Warrenmang Limited (in liquidation) initial public offer may now receive a refund of their application monies... Read More |
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Today's Top Stories have been selected from the Troubled Company Reporter - Asia Pacific. To receive the Full TCR-AP please CLICK HERE.
