Asia/Pacific
Tata Steel to Sell Bonds to Refinance Debts
Tata Steel is now in the process of finding banks to facilitate the sale of bonds for its debt refinancing purposes.
LDK Solar Sells More Shares to Fulai
LDK transfers more shares under a purchase agreement with Fulai. LDK Solar Co's share values has declined nearly three fourths since 2012 and has now sold additional shares to Fulai Investments at discounted rate of 30% of value from last month.
Grupo Rede Buyout by Rivals Pursues Despite Bondholder Opposition
The buyout of Brazilian power holding firm Grupo Rede Energia SA by rivals SA is unlikely to be prevented by opposition from foreign bondholders, several sources familiar with the matter told Reuters.
Sundance Expects Suitor Hanlong to Fail Meeting Takeover Bid Approval Deadline
Australia's Sundance Resources says that Hanlong would not be able to meet the deadline to show credit approval for its takeover offer.