Page 102 - Ingram Micro News Today

Three units of HNA, once China's most acquisitive conglomerate, said nearly $10 billion had been embezzled by shareholders, in disclosures to stock exchanges that come amid a government-led probe into the deeply indebted group.

BW Businessworld Creditors Seek Bankruptcy Of Chinas Once High-Flying HNA HNA Group said in a WeChat post on Friday it had been notified by a Hainan court that its creditors had acted because it was unable to pay its debts. It said it would cooperate with the court. Photo Credit : Creditors of Chinas HNA Group have applied to a Chinese court for the company to be placed in bankruptcy and restructured, potentially giving a fresh start for the remaining assets of the once-highly acquisitive cong...

LoyaltyLobby has been declared bankrupt today, collapsing under a mountain of 500+ billion yuan of debt. Hainan Airlines apparently keeps on flying but HNA Group’s stake in Hong Kong Airlines is in limbo as Air China and other parties are in talks to seize control of the carrier since last year. HNA Group rose from the foundations of Hainan Airlines in 1993 and became one of China’s most prolific conglomerates, largely through it’s extremely diverse debt fueled “investment�...

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Platinum Equity Makes Takeover Bid for U.K. Pub Owner Marston’s Related Stories March 2, 2021 February 16, 2021 January 4, 2021 Platinum Equity. Its shares surged. Platinum Equity made an unsolicited, non-binding proposal on a possible cash bid, Marston’s said in a Friday statement, confirming an earlier Bloomberg News report. The company’s board will evaluate the proposal with its advisers, it said. Shares of Marston’s jumped as much as 30% after Bloomberg News first reported the appro...

Kaspersky appoints Chris Connell as APAC MD Kaspersky appoints Chris Connell as APAC MD Connell relocates to Singapore from the UK to replace Stephan Neumeier Kasperskys Chris Connell. Credit: Kaspersky Cyber security vendor Kaspersky has shifted Chris Connell to take up the role of Asia Pacific managing director, replacing Stephan Neumeier who has stepped down after three years.  As a result, Connell will be based at Kaspersky’s Singapore office and will continue in ...

MNJ Outperforms VAR Market for 4th Year, Expands Executive Team Enters 20th Year in Business with New Digital Transformation Division & Aggressive Growth Plans News provided by Share this article Share this article BUFFALO GROVE, Ill., Jan. 28, 2021 /PRNewswire/ -- MNJ Technologies, a midmarket-focused IT solutions and services provider, logged its fourth consecutive year of double-digit growth in 2020 as it continued to realize the benefits of pivoting to solution selling and strategically ex...

(1) Owl Labs announces strategic partnership with Ingram Micro Pan Europe to unlock unrivaled distribution to key vertical European resellers Owl Labs, the award-winning leader in immersive and collaborative video conferencing technology and services, today announced an alliance with Ingram Micro, the worlds largest distributor and provider of technology services and solutions. The new distribution agreement expands Owl Labs reach across Europe and strengthens Owl Labs presence within key E...

Ingram Micro Cloud UK has announced a new partnership with Google Cloud. Google Workspace is billed as a secure, easy to use business collaboration and productivity platform that incorporates a wide range of programs – including Gmail, Docs and Drive. Ingram Micro Cloud UK said the addition brings greater choice to its partners and resellers and reinforces its commitment to delivering “the most robust ecosystem to build successful cloud businesses”. Scott Murphy, Cloud Director at Ingra...

SPACs sound arcane, but make buckets of money for Indy investors FREE NEWSLETTERS Novus Capital Corp. agreed to buy Kentucky-based AppHarvest in September. The indoor-farming company lost $8.1 million in the first nine months of 2020 but reached a milestone this week when it began shipping its first harvest of beefsteak tomatoes to grocers. (AP photo) A nontraditional way to take companies public is booming on Wall Street—and making bucketsful of money ...