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By Roushni Nair and Rishav Chatterjee (Reuters) - Australia's competition regulator on Friday said it planned to end a long-surviving partnership between
BBX, which was launched in 2020 to simplify bond investing, is the world's first fractional bond exchange. The deal will enable Citi's clients who meet a certain criteria, to become participants on the exchange and trade bonds, with the investment bank providing settlement and custodial services. "The proprietary digital custody technology is scalable and will allow us to provide settlement and custody services for clients investing in assets issued on permissioned blockchain networks and digital financial management information systems (FMIs)," said Nadine Teychenne, hea...
The meetings for CEG class A and class C debt holders were earlier scheduled for Sept. 26. Evergrande is at the centre of a crisis in China's property sector that has seen a string of debt defaults since late 2021. Evergrande needs approval from more than 75% of the holders of each debt class to approve the plan, which offers creditors a basket of options to swap debt for new bonds and equity-linked instruments backed by its stocks and those of its Hong Kong-listed units.
L Occitane: L'Occitane had updated the market last month about a potential buyout offer from Chairman Reinold Geiger's investment holding company, L'Occitane Groupe SA, at no less than HK$26.00 per share.
(This story has been refiled to correct the spelling of 'billionaire' in the headline and paragraph 4)By Rishav Chatterjee Hong Kong-listed skincare specialist L'Occitane International SA said on Monday its controlling shareholder had decided against a potential deal to take the company private, cu