Industry Sectors:Finance & Insurance

Finance & Insurance

China’s bankrupt Nantong Mingde Heavy Industry has been bought over by conglomerate Xiamen Xiangyu Group Corporation in a RMB576m ($84.2m) deal.
Royal Bank of Scotland (RBS) has reportedly sold $600m worth of shipping loans as it continues moves to exit the sector.
Cosco Shipping Ports has announced a plan to acquire shares in Qingdao Port International Co by way of both equity interest transfer and cash.
Singapore’s ASL Marine has received strong support from nearly all its bondholders over extending the maturity of a series of notes by another three years.
Scorpio Tankers has lined-up $172m in loans to partially fund eight newbuildings.
Malaysian conglomerate UMW Holdings, has ended its foray into the oil and gas (O&G) business, exiting through a series of corporate exercises, while creating a bigger group out of three, all…
China Cosco Shipping Corporation Limited (Cosco Shipping) is reportedly a contender to buy Hong Kong-based Orient Overseas Container Line (OOCL) in a deal valued at more than $4bn, Wall Street…
China Huarong Energy Company has entered into subscription agreements with a private investor for the issuance of convertible bonds for an amount of HKD751m ($96.8m).
Vallianz Holdings has entered into a subscription agreement on Monday with a private investor for the subscription of 350m new ordinary shares to raise gross proceeds of SGD7m ($4.9m).
Standard Chartered has announced the completion of three shipping finance deals in excess of $1.6bn concluded in the third quarter of 2016 for clients in Asia and the Middle East.