China Evergrande unit ordered to pay $1.5 billion after failing to repay loans

BEIJING (AFP) – A unit of embattled developer China Evergrande Group has failed to repay its loans and must pay a guarantor US$1.1 billion (S$1.5 billion), the company said in a Hong Kong stock exchange filing. Evergrande has been involved in restructuring negotiations after racking up US$300 billion in liabilities in the wake of Beijing’s crackdown on […]

TrueFi powers WOO X’s institutional services through decentralized loans to verified clients

SAN FRANCISCO, CA, Jul 12, 2022 – (ACN Newswire via SEAPRWire.com) – TrustToken, the core team responsible for building the leading unsecured lending protocol TrueFi unveils its collaboration with WOO X, a zero-fee digital asset trading platform incubated by Kronos Research, the leading digital asset quant company and market maker. WOO X will use TrueFi […]

Singapore durian supplier Nutryfarm placed under judicial management

SINGAPORE (THE BUSINESS TIMES) – The High Court of Singapore has granted an application to place Nutryfarm International under judicial management, the company announced in a bourse filing on Tuesday (June 28). Mr Chan Yee Hong of liquidator Nexia TS Risk Advisory has been appointed as the mainboard-listed durian and health foods distributor’s judicial manager. […]