DIRS.INFO The most relevant business & tech news

☆ Evergrande chairman's two luxury mansions seized by creditor - local media
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +1 min

[1/2] The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song/File Photo/File Photo Acquire Licensing RightsHONG KONG, Nov 22 (Reuters) - Two luxury homes in Hong Kong owned by the chairman of embattled property developer China Evergrande Group (3333.HK), Hui Ka Yan, have been seized by a creditor, local media outlet HK01 reported on Wednesday. Hui owns the two luxury homes in The Peak, which were pledged to Orix Asia Capital Ltd in November 2021 for undisclosed amounts, according to the Land Registry. Another of Hui's homes next to the two mansions was seized by China Construction Bank (Asia) in November last year. ($1 = 7.7949 Hong Kong dollars)Reporting by Xie Yu; Editing by Sonali PaulOur Standards: The Thomson Reuters Trust Principles.

Persons: Aly, Hui Ka Yan, Hui, Evergrande, Xie Yu, Sonali Paul Organizations: China Evergrande Group, REUTERS, China Evergrande, HK, Orix Asia Capital Ltd, Reuters, China Construction Bank, Thomson Locations: China, Shenzhen, Guangdong province, HONG KONG, Hong Kong, Asia

July 7 (Reuters) - U.S. private equity firm 777 Partners has said it is in talks with Boeing Co (BA.N) and Franco-Italian turboprop maker ATR over a new jet order, as it looks to enter more markets amid a boom in air travel. The talks come amid a rush for planes by airlines eager to tap into a greater-than-expected recovery in air travel. Earlier this year, Air India placed an order for 470 jets with Boeing and Airbus SE (AIR.PA) - which was later eclipsed by rival IndiGo's order for 500 Airbus planes. 777's business model involves buying jets and leasing them to airlines which it backs, such as Canadian low-cost carrier Flair Airlines and Australian airline Bonza. Reporting by Abhijith Ganapavaram in Bengaluru; Editing by Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.

Persons: We've, Josh Wander, Wander, Flair, Abhijith, Pooja Desai Organizations: Partners, Boeing Co, Boeing, ATR, Air, Airbus, Flair Airlines, Bonza, Capital Ltd, Thomson Locations: Italian, Miami, Air India, Asia, South America, York, Bengaluru

☆ Japan's Hitachi Astemo flags lapses in quality tests over decades
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +3 min

The comments come in the wake of news last month that Toyota affiliate Daihatsu rigged safety tests for 88,000 small cars. Hitachi Astemo, which makes car and railway parts ranging from brake and damping systems to powertrains, worked with customers to redo tests on nearly 24 affected products following an investigation, Chief Executive Brice Koch told reporters. "We have now taken all the relevant measures to improve, to increase the robustness of our system and our company," Koch said, saying he did not expect any impact on growth or costs. The issues included reporting periodic test results to customers without running the actual tests on some products. Employees also ran tests on suspension systems at incorrect temperatures, a spokesperson said.

☆ Australia's HMC Capital to buy hospitals from U.S. firm for $802 mln
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +2 min

March 30 (Reuters) - Australian asset manager HMC Capital Ltd (HMC.AX) said on Thursday it will buy 11 private hospitals from U.S.-based Medical Properties Trust (MPW.N) for A$1.20 billion ($802.08 million). The hospitals are currently managed by Brookfield Corp's (BN.TO) Healthscope, the second-largest private hospital operator in Australia. Additionally, HMC Capital will raise A$123 million to fund the transaction. "This acquisition transforms HCW into Australia's largest diversified healthcare REIT with greater exposure to critical healthcare infrastructure in Australia's major capital cities," said HMC Capital CEO David Di Pilla. HMC Capital is a Sydney-based asset manager founded and backed by banker-turned-investor David Di Pilla.

☆ Three Arrows Founders Start Crypto Bankruptcy Claims Exchange
▼ + stars: | 2023-02-13 | by ( Weilun Soon | Caitlin Ostroff | ) www.wsj.com time to read: 1 min

The founders of failed hedge fund Three Arrows Capital Ltd. have resurfaced with a $25 million crypto-exchange venture that will let users trade bankruptcy claims from insolvent platforms and funds, including their own. Open Exchange, or OPNX, was created by Su Zhu and Kyle Davies—who set up Three Arrows together—and the two founders of crypto exchange CoinFLEX. The new platform is expected to launch by the end of this month, Mr. Su said. It has begun accepting applications from individuals who want to be among the first to trade their crypto claims; Mr. Su tweeted on Sunday that there were more than 3,600 sign-ups so far. U.S. residents are among those that aren’t eligible for the wait list, the company said.

☆ Founders of Bankrupt Three Arrows Capital Plan Trading Platform for Distressed Crypto Debt
▼ + stars: | 2023-01-16 | by ( Caitlin Ostroff | ) www.wsj.com time to read: 1 min

A decline in the value of bitcoin and other digital coins led to a wave of bankruptcies among crypto companies last year. The founders of a bankrupt crypto hedge-fund firm are seeking to launch an exchange where creditors to insolvent digital-assets firms, including their own, would be able to buy and sell claims. Su Zhu, a co-founder of the bankrupt crypto hedge-fund manager Three Arrows Capital Ltd., said that he and others are seeking to raise $25 million in seed money for the new platform. A pitch deck to potential investors, seen by The Wall Street Journal, referred to the company as GTX, a poke at the fallen crypto exchange FTX.

☆ Venom, Iceberg set up $1 bln fund to invest in blockchain firms amid crypto winter
▼ + stars: | 2023-01-11 | by ( ) www.reuters.com time to read: +1 min

Jan 11 (Reuters) - Blockchain firm Venom Foundation and Abu Dhabi-based investment manager Iceberg Capital Ltd on Wednesday launched a $1 billion crypto venture fund and said it was leading a $20 million funding round in virtual world platform Nümi Metaverse. The fund, called Venom Ventures Fund (VVF), aims to invest in early-stage startups focused on payments, asset management, banking services and gaming on Web3, a much-hyped vision of a future internet built on blockchain. The launch comes at a time when funding for crypto startups has slowed following the global risk off mood and a series of crypto blowups that culminated in the high-profile downfall of FTX and shook investor sentiment. Cryptocurrencies have crept into the new year, licking their wounds with bitcoin steady at $17,421, after tumbling 64% in 2022. Venom Ventures fund is chaired by former BlackRock chief investment officer Peter Knez, and will be operated by investment firm Iceberg Capital that is regulated by Abu Dhabi Global Market - the emirate's international financial center.

☆ UK's Superdry positive on second half as jacket sales surge to record
▼ + stars: | 2022-12-22 | by ( ) www.reuters.com time to read: +1 min

Dec 22 (Reuters) - Britain's Superdry (SDRY.L) on Thursday signalled a strong start to the second half as online jacket sales hit a record high amid the Black Friday shopping spree and a recent spell of colder weather, sending its shares about 17% higher. The fashion retailer also reported first-half revenue growth of 3.6%, but struck a cautious note on outlook as the sector steers through rising expenses and a worsening cost-of-living crisis in the UK. "We are under no illusions that consumer confidence is fragile and that the picture is unlikely to change quickly," said Superdry Chief Executive Officer Julian Dunkerton. Superdry, best known for its sweatshirts, hoodies and jackets, said margin dilution stood at more than 200 basis points during the first half. The company also said it had agreed to a loan facility of up to 80 million pounds ($96.14 million) for three years with lender Bantry Bay Capital Ltd.($1 = 0.8321 pounds)Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

☆ Evergrande chairman's Hong Kong mansion seized by bank - media report
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +1 min

HONG KONG, Nov 3 (Reuters) - A mansion belonging to embattled China Evergrande Group's (3333.HK) chairman in Hong Kong's prestigious The Peak residential enclave has been seized by lender China Construction Bank (Asia), local online news outlet HK01 reported on Thursday. The report did not say when the 5,000 square-foot (465 square-metre) mansion, which HK01 said was valued at HK$700 million ($89 million), was taken over by the bank. Evergrande declined to comment on the report and Hui could not immediately be reached. The mansion, with sweeping views of the city's gleaming skyscrapers, had been pledged to raise about HK$300 million to repay an overdue Evergrande bond, HK01 reported last year. ($1 = 7.8498 Hong Kong dollars)Reporting by Clare Jim; Editing by Edmund KlamannOur Standards: The Thomson Reuters Trust Principles.

Search resuls for: "Capital Ltd"

10 mentions found