China Everbright produced cash-flow shortfall in '97

Article Abstract:

Cash-flow problems hound China Everbright Holdings Co, one of China's major state-run companies overseas, as it recorded $142 million in shortfall in 1997. The shortfall underscores the potential for financial difficulties not only at China Everbright but also at other Chinese government-owned enterprises whose subsidiaries are publicly traded in Hong Kong. China Everbright's shortfall is a complete reversal of its situation in mid-1996, when it enjoyed connections and was widely perceived as a key player in China's influence in Hong Kong. It also controlled one of the most profitable banks in China along with a sister company.

China, Sales, profits & dividends, Hong Kong, Finance, China Everbright Holdings Company Ltd.

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Jardine tries new tack in China row, breaking silence to acknowledge regret

Article Abstract:

Jardine Matheson Holdings Ltd. has begun taking steps to improve its relations with China. In a speech before The Hong Kong Chamber of Commerce, Managing Dir. Alasdair Morrison expressed regret over certain company actions which Chinese officials deemed offensive. Morrison was referring to his company's decision to move its legal domicile to Bermuda in view of the impending Chinese takeover of Hong Kong and its transfer of much of its share trading activities to Singapore after failing to obtain an exemption from securities regulations.

Economic policy, International relations, Jardine Matheson Holdings Ltd.

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Peregrine calls it quits: liquidation may affect creditors far and wide

Article Abstract:

Peregrine Investments Holdings Ltd has folded after it failed to raise $200 million from a would be investor to offset its losses over its investment in PT Steady Safe. The liquidation of its assets would likely be long and tedious with many losers. Some companies however, have already expressed their desire to buy some of the company's assets including two Peregrine subsidiaries.

Management, Cases, Bankruptcy, Peregrine Investments Holdings Ltd.

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