Curtain falls on business empire of Ng Yu Zhi, who is behind billion-dollar Envy ‘nickel trading scheme’
SINGAPORE – The curtain has fallen on Ng Yu Zhi’s business empire as firms linked to him are in the process of being [...]
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Envy ex-director's eateries – one shut, two up for sale
SINGAPORE – It cost $1.5 million to set up but Cicada, a trendy 4,000 square foot restaurant-cum-live music lounge that is linked to [...]
Credit Suisse seeks to wind up Sanjeev Gupta's commodity trading unit
LONDON (BLOOMBERG) – Credit Suisse Group is seeking to push one of Sanjeev Gupta’s key commodities-trading units into insolvency, presenting a new threat [...]
Terence Loh seeks more time in bid to stave off bankruptcy
Novena Global Healthcare co-founder Terence Loh is facing bankruptcy proceedings following a court order to wind up his company last month. Mr Loh, [...]
Eagle Hospitality Trust entities file for bankruptcy protection in the US
SINGAPORE (THE BUSINESS TIMES) – Eagle Hospitality Trust (EHT) on Wednesday confirmed that 27 of the trust’s entities have filed for Chapter 11 [...]
Owner of Ann Taylor and Lane Bryant files for bankruptcy; Brooks Brothers gets rescue bid
NEW YORK (NYTIMES, BLOOMBERG) – The owner of Ann Taylor and Lane Bryant, which just a few years ago was one of the [...]
US professor whose formula predicts bankruptcies has a big warning
NEW YORK (BLOOMBERG) – The New York University professor who developed one of the best-known formulas for predicting corporate insolvencies has a warning [...]