Ucom's restructuring pact

Article Abstract:

The UK financial-investment company Somers Ltd will acquire the Bencharongkul family's majority stake in United Communications Industry PCL (Ucom) as part of a debt-for-equity restructuring agreement which also calls for Ucom to convert its indebtedness into equity worth $120 million. The completion of the restructuring agreement will allow Ucom to consider several options for raising further capital, one of which is the signing up of a strategic partner. As part of Ucom's restructuring, proceeds of asset sales will be channeled to its debt payments.

COMMUNICATION, Communications, Broadcasting and Telecommunications, Investment Offices, Investment Companies, Open-End Investment Funds, Economic aspects, Mergers, acquisitions and divestments, Finance, Telecommunications services industry, Telecommunications industry, Leverage (Finance), Leverage, Somers Ltd, United Communications Industry PCL

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China Southern may ascend: despite projected losses, stock could soar

Article Abstract:

China Southern Airlines Co. (CSA) could be one of the best buys for long term investments among Chinese domestic airlines, due to the value of the stock relative to its book value and the depreciation of the yen against the yuan. China Southern Airline reported a net profit of 1.14 bil yuan in 1997, with 325.78 mil yuan coming from a foreign exchange gain. Analysts are particularly fond of CSA stocks, which is trading at only 0.4 times its book value, compared to the 1.5 times the book value share price of other regional Chinese airlines.

Scheduled Passenger Air Transportation, Air transportation, scheduled, Domestic Scheduled Air Service, Airlines, Stock-exchange, Stock exchanges, Hong Kong, Securities, Domestic airlines, China Southern Airlines Company Ltd.

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