08/21/2015
Wan Kei Group raised approximately HK$170 million, and a majority of the net proceeds will be used for expansion of machinery and equipment, recruitment and repayment for certain outstanding finance leases.
08/20/2015
According to “Süddeutsche”, in addition to HSH Nordbank, HVB and Commerzbank, three further large financial institutions, two of them in state hands, are under investigation.
08/11/2015
The debtors’ allegations in this regard are inflammatory and, in any event, are irrelevant to the matters before the court.
08/10/2015
The bank, whose debt had risen to $107 million with a daily interest of $20,000, is asking the Court of Appeal to quash the Commercial Court’s decision because it was defective.