Zhuo Jianming
Singyes shareholders approve China bail-out
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.
Nov 2, 2019 // Markets & Finance News, China, Asia, Singyes, Zhuo Jianming, Xiong Shi
Singyes shareholders show discontent
The holders of almost six million shares in the company voted against the reappointment of chairman and CEO Liu Hongwei as a non-executive director. On Liu’s watch the company has had to turn to a state bail-out from China to help ensure its survival.
Oct 4, 2019 // Manufacturing News, Markets & Finance News, China, Asia, Singyes, Liu Hongwei, Zhuo Jianming
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