|Bid||6.230 x 0|
|Ask||6.240 x 0|
|Day's Range||6.100 - 6.250|
|52 Week Range||4.450 - 6.480|
|PE Ratio (TTM)||7.29|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y Target Est||6.77|
SHANGHAI/BEIJING (Reuters) - China Huishan Dairy Holdings Co Ltd , struggling under billions of dollars worth of debt, is preparing for provisional liquidation in a legal escalation of one of the most spectacular collapses of a Hong Kong-listed firm in recent years. The move comes as creditors in China and offshore jostle for position to get their money back from the firm, whose debts totalled at least 38 billion yuan (£4.3 billion) at the end of July, according to a work-out plan seen by Reuters. Hong Kong-based restructuring lawyers said the move by Huishan to file for provisional liquidation could actually help give it "breathing room" against creditors and in theory allow it more sway to choose an outside party to take on the role.
Stock markets were broadly lower in Asia on Monday, with Hong Kong lagging behind the region as China-related firms pulled back.
China’s largest banks posted double-digit increases in lending income in the third quarter, validating some of the earnings optimism that has fueled a rally in their shares this year.
Industrial & Commercial Bank of China Ltd., the world’s largest lender by assets, reported a 3.3 percent gain in third-quarter profit as lending income jumped.
Industrial & Commercial Bank of China Ltd., the world’s largest lender by assets, reported a 2.3 percent gain in second-quarter profit as it reined in bad loans.
Montreal, Quebec--(Newsfile Corp. - August 4, 2017) - Peak Positioning Technologies Inc. (CSE: PKK) ("Peak" or the "Company") today announced that its subsidiary, Asia Synergy Data Solutions ("ASDS"), which operates the Cubeler fintech commercial lending platform in China, has signed a definitive agreement with Balang Technology Ltd. ("Balang") that would bring over 40,000 small and medium sized enterprise (SME) loan candidates to the Cubeler platform.This agreement follows the memorandum of understanding announced on July ...
Montreal, Quebec--(Newsfile Corp. - July 7, 2017) - Peak Positioning Technologies Inc. (CSE: PKK) ("Peak" or the "Company") today announced that its subsidiary, Asia Synergy Data Solutions ("ASDS"), which operates the Cubeler fintech commercial lending platform in China, has signed a memorandum of understanding (MOU) with Balang Technology Ltd. ("Balang") that would bring over 40,000 small and medium sized enterprise (SME) loan candidates to the Cubeler platform.Balang (balangtechnology.com) has an exclusive agreement with the ...
A dual Nigerian and British national has been charged with defrauding financial institutions out of more than $300 million by falsely representing his company as a thriving international oil and gas venture to obtain loans. Raheem Brennerman, chief executive officer of Blacksands Pacific Group Inc, was charged with bank fraud, wire fraud and conspiracy in an indictment unsealed Thursday in a federal court in New York. Federal prosecutors said he used ill-gotten loans to pay for a condominium in Las Vegas, travel, jewelry, clothes and spa treatments.
When a new hedge fund opened in Mountainside, New Jersey, a leafy suburb that still holds an annual little-league parade, few would have guessed where much of its funding came from: Chinese billionaire ...
Total headcount at China’s four largest banks fell in 2016 for the first time in six years, as the lenders cut costs and tried to adapt their massive branch networks in the face of competition from online ...
The bad-loan challenge for China’s biggest banks, which worsened steadily over much of the first half of the decade, may finally be easing.
SHANGHAI/BEIJING, March 30 (Reuters) - The world's largest lender, Industrial and Commercial Bank of China (ICBC) , reported its slowest rate of annual profit growth in more than a decade on Thursday, and China's bankers pledged to do more to help borrowers struggling with debt. ICBC's results came after three other leading Chinese banks posted modest profit growth for last year, as they battle the lowest net interest margins since at least 2011 amid a slowing economy. ICBC's 2016 net profit - of 278.25 billion yuan ($40.39 billion) - rose just 0.4 percent, a far cry from the 66 percent jump in annual profit it reported a decade ago.
Sheila Bair also serves as an independent director on the boards of Host Hotels & Resorts and Thomson Reuters.
Industrial and Commercial Bank of China Ltd (1398.HK) (ICBC) has appointed Sheila Bair, the former head of the U.S. Federal Deposit Insurance Corporation (FDIC), as an independent non-executive director. ICBC, the country's biggest commercial bank, announced Bair's appointment in a stock exchange notice on Monday, stating that her election was approved by China's banking regulator.
U.S. President Donald Trump's push to force U.S. industry to bring jobs home is opening investment avenues for Chinese companies in Mexico, an executive with Industrial and Commercial Bank of China (ICBC), the country's largest lender, said on Friday. Fears of a hit to foreign investment ran high when Ford Motor Co (F.N) canceled a $1.6 billion plant in Mexico's central state of San Luis Potosi in January.