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December 20, 2007 |
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* Japan's Corporate Bankruptcies Increase 11.2% Year-on-Year A private credit research agency said that Japanese corporate bankruptcies jumped 11.18% year-on-year in November to 1,213, with debts of the failed firms climbing 11.53% to JPY492.57 billion, Kyodo News reports... Read More |
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CHINA EASTERN: Air China Not Keen on SIA-Temasek Deal China Eastern Airlines Corporation Ltd did not get the support of shareholder Air China on the sale of a 24% stake in the company to Singapore Airlines Ltd and Temasek Holdings, various reports say... Read More |
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COASTAL GREENLAND: Moody's Affirms B1 Corporate Family Rating Moody's Investors Service has affirmed Coastal Greenland Limited's (CGL) B1 corporate family rating. At the same time, Moody's has affirmed CGL's B2 senior unsecured bond rating. These affirmations follow the successful closing of CGL's US$150 million... Read More |
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DAEWOO ELECTRONICS: Attracts 10 Foreign Bidders for Stake Sale Over 10 foreign companies are jockeying for position in their attempt to acquire Daewoo Electronics Corporation, The Donga-A News reports... Read More |
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FINCORP GROUP: Founder Asserts AU$3 Million Claim Fincorp Group's dispute with its founder and owner Eric Krecichwost over the return of up to AU$3 million in loans is still ongoing, Danny John of The Sydney Morning Herald reports... Read More |
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IFCI LTD: Board Rejects Sterlite-Morgan Stanley Consortium Offer IFCI Ltd's board of directors, at its recent meeting, rejected the financial proposal submitted consortium of Sterlite Industries and Morgan Stanley and Co. for the 26% stake in the company, a filing with the Bombay Stock Exchange revealed... Read More |
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INDOSAT: Temasek Files Appeal Against Court Ruling PT Indosat Tbk's shareholder, Singapore state investment arm Temasek Holdings, filed an appeal against an Indonesian court ruling that said it broke antitrust laws through stakes in the country's two biggest mobile-phone operators, various reports... Read More |
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STAR CRUISES: S&P Cuts Long-Term Corporate Credit Rating to B Standard & Poor's Ratings Services lowered its long-term corporate credit rating on Hong Kong-based cruise operator Star Cruises Ltd. to 'B' from 'BB-'. Standard & Poor's also lowered its long-term corporate credit rating on U.S.-based cruise operator... 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.
