Evergrande, HNA units ordered to liquidate by Hong Kong judge

Evergrande, HNA units ordered to liquidate by Hong Kong judge

UNITS of two high-profile Chinese companies received Hong Kong court orders to liquidate, the latest in a string of wind-up decisions in the city as creditors ramp up their legal efforts to recover funds. Tianji Holding became the second key unit of defaulted builder China Evergrande Group to receive a wind-up order this year, following…

Read More

Shipping giants urge watchdog to avoid biofuels in clean-up push

Shipping giants urge watchdog to avoid biofuels in clean-up push

The IMO is working toward a zero-carbon-emissions target for the industry by 2050 SOME shipping lines including Hapag-Lloyd and the maritime arm of Louis Dreyfus are calling on the International Maritime Organization (IMO) to avoid backing crop-based biofuels as the industry pushes to decarbonise. “Unless legally binding safeguards are introduced, there is a risk that…

Read More

SingPost appoints former SGX CFO and former SIA Engineering CEO as new non-executive, independent directors

SingPost appoints former SGX CFO and former SIA Engineering CEO as new non-executive, independent directors

SINGAPORE Post (SingPost) on Monday (Feb 17) announced the appointment of two new non-executive, independent directors, Chng Lay Chew and Ng Chin Hwee. Ng formerly served as chief executive officer and executive director of SIA Engineering between April 2020 and September 2023, according to the bourse filing. Chng was chief financial officer of the Singapore…

Read More