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Tag: holdings
China's Hundsun shares surge as Alibaba expands financial services holdings
2014-11-26 13:23:10| IT Services - Topix.net
Shares in Chinese financial software firm Hundsun Technologies Inc surged 8.5 percent on Wednesday after an affiliate of e-commerce giant Alibaba Group Holding Ltd agreed to jointly invest in a Hundsun unit that provides financial data services.
Tags: services
financial
shares
financial services
NII Holdings agrees debt-for-equity swap
2014-11-25 09:12:00| Telecompaper Headlines
(Telecompaper) NII Holdings has reached a restructuring agreement with its major creditors. After filing for chapter 11 protection in the September, the mobile operator and twelve of its wholly-owned subsidiaries have now reached an agreement with their major stakeholders, including their two largest creditors and the official committee of unsecured creditors. The reorganization plan will strengthen the company's balance sheet by converting USD 4.35 billion of unsecured notes into equity interests in the reorganized company; enhance the company's liquidity by providing USD 500 million of new capital through a fully backstopped USD 250 million rights offering available to holders of the company's senior notes and an additional USD 250 million of exit financing in the form of debt; and implement a global settlement of all claims related to certain complex intercompany and inter-creditor disputes. CEO Steve Shindler said the plan provides "a path for the company to emerge from bankruptcy in a healthy financial position to effectively compete in the wireless marketplace". The plan remains subject to court approval before its implementation.
Tags: holdings
agrees
nii
swap
FBC Holdings Signs Deal with Valentine Beauty
2014-11-25 06:00:00| Happi Breaking News
Takes control of sales and marketing for maker of "Non-Surgical Face Lift Kit."
Tags: beauty
deal
signs
valentine
NII Holdings, creditors reach restructuring deal
2014-11-25 01:00:00| Total Telecom industry news
LatAm-focused telco agrees debt-for-equity swap, $500 million capital increase.
FERC Approves Merger of Exelon and Pepco Holdings Inc.
2014-11-24 17:56:00| Transmission & Distribution World
The Federal Energy Regulatory Commission has yesterday approved the proposed merger of Exelon Corp. and Pepco Holdings Inc. read more
Tags: inc
holdings
merger
approves
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