The margin of support for the proposed $198 million takeover by a Beijing entity came as no surprise and the deal now hinges on the holders of $430 million of defaulted debts supporting a delayed settlement of their claims. First up, though, is a date with a winding-up petition on Monday.Heavily-indebted PV project developer Singyes Solar appears to have lined up all its ducks with respect to its plans to submit to a Chinese state bail-out and renegotiate with its creditors. Independent shareholders yesterday gave their backing to a HK$1.55 billion (US$198 million) bail-out by Beijing-owned Water ...Den vollständigen Artikel lesen ...
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