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       T R O U B L E D   C O M P A N Y   R E P O R T E R

                     A S I A   P A C I F I C

          Tuesday, July 30, 2024, Vol. 27, No. 152

                           Headlines



A U S T R A L I A

ART INDEX: Second Creditors' Meeting Set for Aug. 2
BUILD YOUR WEALTH: ASIC Bans NSW Adviser, Cancels AFS Licence
CJP WORLD: Second Creditors' Meeting Set for Aug. 2
IMPORT & EXPORT: Second Creditors' Meeting Set for Aug. 2
MS7 ENTERPRISES: Second Creditors' Meeting Set for Aug. 2

REX AIRLINES: Shares Halted Amid Deloitte Appointment Speculation
S&W HOLDINGS: First Creditors' Meeting Set for Aug. 5


C H I N A

ANTON OILFIELD: Moody's Affirms 'B1' CFR, Outlook Remains Stable
CHINA EVERGRANDE: Creditors Seek Bankruptcy for Units of EV Arm
SHINECO INC: Closes $2 Million Underwritten Public Offering


H O N G   K O N G

TAHOE LIFE: Insurance Authority appoints Deloitte as Managers


I N D I A

ANUNAY FAB: CRISIL Moves D Debt Ratings from Not Cooperating
BYJU'S: NCLAT Judge Recuses from Hearing Plea vs. Insolvency
EASTERN MATTRESSES: CRISIL Keeps C Ratings in Not Cooperating
GRK THEATRES: CRISIL Moves B- Debt Ratings to Not Cooperating
KASUKURTHI SUJATHA: CRISIL Keeps D Ratings in Not Cooperating

LHASA HOTEL: CRISIL Keeps D Debt Rating in Not Cooperating
MAHA ELECTRONICS: CRISIL Keeps D Debt Ratings in Not Cooperating
MANAS GEO: CRISIL Keeps B+ Debt Ratings in Not Cooperating
MANGALDEEP RICE: CRISIL Keeps D Debt Ratings in Not Cooperating
MANISH EMPIRE: CRISIL Keeps D Debt Rating in Not Cooperating

MARK INFRASTRUCTURE: CRISIL Keeps D Ratings in Not Cooperating
MNR DAIRY: CRISIL Keeps D Debt Rating in Not Cooperating Category
MURUGAN AGENCIES: CRISIL Keeps B+ Debt Ratings in Not Cooperating
PCP INTERNATIONAL: CRISIL Keeps D Debt Ratings in Not Cooperating
SEVEN SEAS: CRISIL Keeps D Ratings in Not Cooperating Category

SEW KRISHNAGAR: CRISIL Keeps D Debt Ratings in Not Cooperating
SIVIKA FOODS: CRISIL Keeps B Debt Ratings in Not Cooperating
STANDARD AUTOGEARS: CRISIL Keeps D Ratings in Not Cooperating
STEELWAYS ENTERPRISES: CRISIL Keeps D Ratings in Not Cooperating
SWARNA ACADEMY: CRISIL Keeps D Debt Ratings in Not Cooperating

T G R PROJECTS: CRISIL Keeps B Debt Ratings in Not Cooperating
UNIVERSAL TUBE: CRISIL Keeps D Debt Ratings in Not Cooperating
VENKATESHWARA CORP: CRISIL Keeps B Ratings in Not Cooperating
VIROO MAL: CRISIL Keeps D Debt Ratings in Not Cooperating
VIVEK ENTERPRISE: CRISIL Keeps B Debt Ratings in Not Cooperating

ZINDRELLA: CRISIL Keeps D Debt Rating in Not Cooperating Category


N E W   Z E A L A N D

DATAXCHANGE LIMITED: Appointed as Receivers and Managers
FIRMSY: Voluntarily Liquidated Owing More Than NZD1.5 Million
OX DEMOLITION: Creditors' Proofs of Debt Due on Aug. 22
S E GOUNDER: Creditors' Proofs of Debt Due on Sept. 6
SILVERKARRAT HOLDINGS: First Creditors' Meeting Set for Aug. 2

WAYBY RESIDENCES: Creditors' Proofs of Debt Due on Aug. 22


P H I L I P P I N E S

COOPERATIVE BANK OF BOHOL: MB Closes Bank, Taps PDIC as Receivers


S I N G A P O R E

AVEMORE PTE: Court to Hear Wind-Up Petition on July 11
BAVARIAN MARQUES: Court Enters Wind-Up Order
COMGATEWAY (S): Commences Wind-Up Proceedings
ONETWO HOLDINGS: Court Enters Wind-Up Order
R S M&E PTE: Commences Wind-Up Proceedings



S O U T H   K O R E A

QOO10 GROUP: South Korea to Support Vendors Hit By Payment Delays
TERRAFORM LABS: Asks Court to Have Chapter 11 Wind-Down Head Start
TERRAFORM LABS: Initiates Strategic Assets Sale Amid Chapter 11


X X X X X X X X

[*] BOND PRICING: For the Week July 22, 2024 to July 26, 2024

                           - - - - -


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A U S T R A L I A
=================

ART INDEX: Second Creditors' Meeting Set for Aug. 2
---------------------------------------------------
A second meeting of creditors in the proceedings of Art Index Pty
Ltd has been set for Aug. 2, 2024 at 9:00 a.m. at the offices of
Hall Chadwick Chartered Accountants at Level 40, 2 Park Street in
Sydney and simultaneously via teleconference.

The purpose of the meeting is (1) to receive the report by the
Administrator about the business, property, affairs and financial
circumstances of the Company; and (2) for the creditors of the
Company to resolve whether the Company will execute a deed of
company arrangement, the administration should end, or the Company
be wound up.

Creditors wishing to attend are advised proofs and proxies should
be submitted to the Administrator by Aug. 1, 2024 at 5:00 p.m.

John Vouris and Richard Albarran of Hall Chadwick were appointed as
administrators of the company on June 28, 2024.


BUILD YOUR WEALTH: ASIC Bans NSW Adviser, Cancels AFS Licence
-------------------------------------------------------------
Australian Securities & Investments Commission (ASIC) has banned
NSW-based adviser Christopher Edward Luff from providing financial
services for five years and has cancelled the AFS licence of his
business, Build Your Wealth Pty Ltd.

Mr. Luff was referred to an ASIC Delegate in relation to concerns
about financial product advice he provided, his management of
conflicts of interest, and for his involvement in a self-managed
superannuation investment structure where clients subsequently
invested in the Storehouse Residential Trust ARSN 135 812 074.

ASIC's review of a sample of Mr. Luff's advice files identified
that Mr. Luff did not act in the best interest of the clients and
that the advice was not appropriate, given Mr. Luff:

     * limited the scope of the advice, and

     * failed to make reasonable enquiries into the client's
       relevant financial situation, objectives, needs and goals -
       therefore failing to base the advice on those
       circumstances.

ASIC established that there was a conflict between the interests of
Mr. Luff and those of his clients, due to the relationships between
Build Your Wealth, the investment manager of the Storehouse Trust,
Storehouse Pty Ltd (which was also an authorised representative of
Build Your Wealth), and associated entities.

ASIC found that Mr. Luff failed to prioritise the interests of his
clients when he recommended that his clients enter into an ongoing
service program without assessing if the clients required the
service or could afford the service.

ASIC also found that Mr. Luff failed to enquire of his clients as
to why they wanted to invest in the Storehouse Trust and that the
clients should have been made aware of:

     * The risks of investing in the Storehouse Trust;

     * The potential risk of losing all their funds with such an
       investment;

     * The risk to the security of their living arrangement; and

     * The risks if the Trust did fail.  

The law requires financial advisers to give priority to their
client's interests when giving advice and to provide advice that is
appropriate to the client. In circumstances where ASIC has found
that Mr. Luff's advice to clients in relation to the Storehouse
Trust was not appropriate or fit for purpose and that there were
conflicts of interest of which clients were not informed. Investors
with concerns in relation to their investment may wish to seek
advice from a new financial adviser.

ASIC further determined that Build your Wealth failed to ensure
that the financial services it provided were done so efficiently,
honestly and fairly and that it failed to take reasonable steps to
ensure its representatives complied with financial services laws.

The banning and cancellation order took effect from April 9, 2024.
Mr. Luff and Build your Wealth Pty Ltd applied to the
Administrative Appeals Tribunal (AAT) seeking a confidentiality
order, a review and a stay of ASIC's decision. The AAT granted an
interim stay of the cancellation order only, which was in effect
from April 30, 2024 to July 24, 2024. The AAT refused the
substantive stay application and confidentiality orders on July 17,
2024. No hearing date has been set for the substantive review of
ASIC's decision.  

The banning has been recorded on ASIC's publicly available
Financial Advisers Register and the Banned and Disqualified
register. ASIC's Moneysmart website has useful information for
consumers whose advisers have been banned.

ASIC made an interim stop order on the Storehouse Trust due to
deficiencies in the target market determination on Sept. 1, 2023.
Following the interim stop order, the responsible entity of the
fund, K2 Asset Management Ltd (K2), made amendments to the TMD that
addressed ASIC's concerns. The new TMD better defined the target
market for the Fund around investor risk tolerance, investment
objectives, investors need to withdraw money and the investment
timeframe was amended. K2 also updated the distribution conditions
in the TMD. As a result, on Sept. 15, 2023, ASIC revoked the
interim stop order and no final stop order was made.


CJP WORLD: Second Creditors' Meeting Set for Aug. 2
---------------------------------------------------
A second meeting of creditors in the proceedings of CJP World Wide
Pty Ltd has been set for Aug. 2, 2024 at 9:30 a.m. via
videoconference only.

The purpose of the meeting is (1) to receive the report by the
Administrator about the business, property, affairs and financial
circumstances of the Company; and (2) for the creditors of the
Company to resolve whether the Company will execute a deed of
company arrangement, the administration should end, or the Company
be wound up.

Creditors wishing to attend are advised proofs and proxies should
be submitted to the Administrator by Aug. 1, 2024 at 5:00 p.m.

Roberto Crispino and Richard Albarran of Hall Chadwick were
appointed as administrators of the company on June 28, 2024.


IMPORT & EXPORT: Second Creditors' Meeting Set for Aug. 2
---------------------------------------------------------
A second meeting of creditors in the proceedings of Import & Export
Logistics Pty Ltd has been set for Aug. 2, 2024 at 10:30 a.m. via
virtual meeting.

The purpose of the meeting is (1) to receive the report by the
Administrator about the business, property, affairs and financial
circumstances of the Company; and (2) for the creditors of the
Company to resolve whether the Company will execute a deed of
company arrangement, the administration should end, or the Company
be wound up.

Creditors wishing to attend are advised proofs and proxies should
be submitted to the Administrator by Aug. 1, 2024 at 4:00 p.m.

Henry Kwok and Antony Resnick of dVT Group were appointed as
administrators of the company on June 28, 2024.


MS7 ENTERPRISES: Second Creditors' Meeting Set for Aug. 2
---------------------------------------------------------
A second meeting of creditors in the proceedings of MS7 Enterprises
Pty Ltd, LCS Electrical & Data (QLD) Pty Ltd, LCS Electrical & Data
(VIC) Pty Ltd, and Dyirranga Ltd has been set for Aug. 2, 2024 at
10:00 a.m. at Level 2, 72 Pitt Street in Sydney and virtually by
Zoom.

The purpose of the meeting is (1) to receive the report by the
Administrator about the business, property, affairs and financial
circumstances of the Company; and (2) for the creditors of the
Company to resolve whether the Company will execute a deed of
company arrangement, the administration should end, or the Company
be wound up.

Creditors wishing to attend are advised proofs and proxies should
be submitted to the Administrator by Aug. 1, 2024 at 5:00 p.m.

Henry Kwok of dVT Group was appointed as administrator of the
company on April 24, 2024.


REX AIRLINES: Shares Halted Amid Deloitte Appointment Speculation
-----------------------------------------------------------------
The Sydney Morning Herald reports that Rex Airlines' future is up
in the air as the company grapples with boardroom turmoil, a stoush
with its biggest shareholder, and speculation that restructuring
experts Deloitte have been appointed to the group.

Rex, the nation's third-largest airline, sought a trading halt in
its shares until July 31, after The Australian reported that
Deloitte restructuring partners Sal Algeri and Richard Hughes, who
worked on Virgin Australia's administration, had been appointed to
the company, SMH relates.

According to SMH, Prime Minister Anthony Albanese on July 29 said
the federal government was seeking information from Rex on its
financial situation and will keep a close eye on the situation as
it unfolds.

"I'm very hopeful that they'll see their way through," he told ABC
Afternoon Briefing. "We have sought information from the airline
through Minister Catherine King, who came to see me about this
today. And through the department we will continue to monitor what
happens there."

Rex flies to 56 destinations, including between the cut-throat
markets of Sydney, Melbourne and Brisbane. In June, it began
offering one-way fares as low as $99 between Melbourne and Perth in
an effort to steal market share from its bigger rivals Qantas and
Virgin.

The airline also owns air freight, aero medical and charter
operator Pel-Air Aviation, the Australian Airline Pilot Academy in
Wagga Wagga and Ballarat and also a propeller maintenance
organisation. Additionally, it has a 50 per cent stake in National
Jet Express, which is a fly-in-fly-out charter and freight
operator.

Earlier this year, Rex had announced it was partnering with Etihad,
which enabled Rex's domestic flights to connect with the Middle
East operator's global network, SMH recalls.

According to SMH, Rex has been narrowing its losses since the
pandemic hit, which roiled airlines globally. In its first half
results, released in February this year, Rex grew its total revenue
4.6 per cent. It reported a half-year loss of $3.2 million, which
had narrowed from a loss of $16.5 million in the previous
corresponding period, SMH discloses.

Rex, formerly known as Regional Express, was contacted but in a
statement a spokesperson said it wasn't appropriate for them to
make any comment, SMH notes.


S&W HOLDINGS: First Creditors' Meeting Set for Aug. 5
-----------------------------------------------------
A first meeting of the creditors in the proceedings of S&W Holdings
Australia Pty Ltd and S&W Seed Company Australia Pty Ltd   will be
held on Aug. 5, 2024 at 11:00 a.m. via Microsoft Teams.

Travis Anderson and Glen Kanevsky of Deloitte were appointed as
administrators of the company on July 24, 2024.




=========
C H I N A
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ANTON OILFIELD: Moody's Affirms 'B1' CFR, Outlook Remains Stable
----------------------------------------------------------------
Moody's Ratings has affirmed Anton Oilfield Services Group's B1
corporate family and senior unsecured ratings.

Moody's have also maintained the stable outlook on the ratings.

"The rating affirmation reflects Moody's expectation that Anton
will continue to proactively manage its refinancing task using its
strong cash balance as well as maintain its positive adjusted free
cash flow and good access to bank credit facilities, considering
its sound fundamentals and good customer mix," says Chenyi Lu,
Moody's Ratings Vice President and Senior Credit Officer.

"The rating affirmation also reflects Moody's expectation that
Antion will moderately improve its leverage over the next 12-18
months, underpinned by steady earnings and positive adjusted cash
flow to reduce its adjusted debt modestly," adds Lu.

RATINGS RATIONALE

Anton's B1 corporate family rating reflects the company's
integrated business model; strong market position in the oilfield
services sector in China (A1 negative); growing oilfield service
capabilities, improved customer mix and track record of operating
geographically diversified businesses; and low debt leverage.

At the same time, Anton's rating is constrained by the company's
exposure to oil price volatility and the risks related to its
overseas expansion; small scale; and high customer concentration.

Moody's forecast Anton's revenue will grow about 12% to about
RMB5.0 billion in 2024 and about 10% in 2025, underpinned by solid
growth from its overseas businesses. Moody's expect that its major
customers will maintain their capital spending at current levels
under Moody's oil price assumptions.

The revenue growth will also be supported by Anton's domestic
business because it is well positioned to benefit from good growth
in China's natural gas sector over the next two years. Revenue
growth in China will be underpinned by its customers' increased
natural gas and shale gas production activities, driven by the
government's target to increase the share of natural gas in the
country's primary energy mix.

Moody's also expect Anton's adjusted EBITDA margin to improve
slightly to 23.0%-23.5% over the next 12-18 months from 22.6% in
2023. Its focus on higher-margin businesses as a result of strong
demand for its services and strong costs and expense control
measures will mitigate the intense price competition.

Moody's estimate that Anton's adjusted debt/EBITDA will improve
toward 1.5x-2.0x over the next 12-18 months from 2.5x in 2023,
mainly driven by steady earnings and a modest decline in adjusted
debt. Such level of leverage is strong for its ratings. Moody's
also estimate that Anton will continue to generate positive
adjusted free cash flow over the coming 12-18 months. This
financial profile will provide the company with a buffer against
intense oil price volatility and its high short-term working
capital needs.

Anton's liquidity is adequate. As of the end of March 2024, the
company had cash and cash equivalents of RMB1.42 billion. These
liquidity sources and Moody's estimated operating cash flow of
around RMB760 million-RMB765 million over the next 12 months will
be sufficient to cover its debt of RMB1.92 billion maturing over
the next 12 months, and its estimated maintenance capital spending
of about RMB100 million over the same period.

Furthermore, Anton had an outstanding RMB614 million debt maturing
in January 2025 as of the end of March 2024. Moody's expect the
company to repay the outstanding debt using its existing cash
balance and solid operating cash flow, without the need for major
refinancing.

At the same time, Anton has consistently rolled over short-term
bank borrowings. It held around RMB1.83 billion in unencumbered
trade receivables as of the end of 2023 that it can use for further
secured borrowing, if needed.

Anton also has a good track record of refinancing its short-term
debt, especially during periods of low oil prices in 2015, 2016 and
2020, and of having good access to domestic banks and debt and
equity capital markets.

Anton's senior unsecured bond rating is not notched down for
structural subordination. However, subordination risks to holders
of its senior unsecured notes could increase if the majority of
claims remains at the operating company level on a sustained
basis.

ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) CONSIDERATIONS

The company's environmental risk exposure relates to carbon
transition risk, and its social risk exposure owes to demographic
and societal trends and health and safety. However, Anton's credit
quality benefits from its improved management track record since
2016, such as better geographic diversification.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

The stable rating outlook reflects Moody's expectation that Anton's
credit profile and liquidity will improve moderately over the next
12-18 months because of its solid earnings growth, and prudent
working capital management and capital investments.

Moody's could upgrade Anton's rating if the company sustains
positive free cash flow and maintains adequate liquidity; prudently
contains its debt growth and maintains its current credit profile;
achieves strong and sustained growth in its order backlog, revenue
and earnings; and improves its debt capital structure with
significant long-term debt funding.

Conversely, Moody's could downgrade Anton's rating if the company
fails to proactively manage its liquidity in light of its upcoming
debt maturities; and its financial leverage weakens, such that its
adjusted debt/EBITDA remains above 4.5x-5.0x for a prolonged
period, because of declining profitability or higher debt driven by
strains on its working capital.

The principal methodology used in these ratings was Oilfield
Services published in January 2023.

Anton Oilfield Services Group is a major Chinese oilfield services
company that offers integrated oil and gas field services solutions
covering various phases of field development, including drilling
technologies, well completion and oil production services.


CHINA EVERGRANDE: Creditors Seek Bankruptcy for Units of EV Arm
---------------------------------------------------------------
Reuters reports that shares of China Evergrande New Energy Vehicle
fell 7% on Monday morning [July 29] trade after individual
creditors of two of its units sought court approval for the units
to go through bankruptcy proceedings and be reorganised.

Reuters relates that the electric car maker said its units
Evergrande New Energy Vehicle (Guangdong) and Evergrande Smart
Automotive (Guangdong) had received notice from a local court about
the July 25 application.

"The above notice has a material impact on the production and
operating activities of the company and the relevant subsidiaries,"
the company said in a filing to the Hong Kong bourse late on July
28, Reuters relays.

The shares slid to HK$0.295 after initially making early gains.

Shares of China Evergrande New Energy Vehicle have dropped nearly
40% so far this year, Reuters notes.

                       About China Evergrande

China Evergrande Group is an integrated residential property
developer. The Company, through its subsidiaries, operates in
property development, investment, management, finance, internet,
health, culture, and tourism markets.

China Evergrande Group, the second largest real estate developer in
China, and certain of its affiliates sought creditor protection in
the United States under Chapter 15 of the Bankruptcy Code (Bankr.
S.D.N.Y. Lead Case No. 23-11332) on Aug. 17, 2023.

Evergrande, widely known as the most leveraged company in the
world, and its affiliates are asking the U.S. Bankruptcy Court for
the Southern District of New York for recognition of foreign
proceedings as "foreign main" proceeding under Chapter 15.

Evergrande is in the midst of a highly complex restructuring of
around $20 billion in offshore debt.  In total, the Company has
more than $300 billion in liabilities.

Evergrande is incorporated in the Cayman Islands as an exempted
company with limited liability, with its principal place of
business located at 15th Floor, YF Life Centre, 38 Gloucester Road,
Wanchai, Hong Kong.  It is subject to a restructuring proceeding
entitled In the Matter of China Evergrande Group, concerning a
scheme of arrangement between Evergrande and certain Scheme
Creditors pursuant to the relevant provisions of the Hong Kong
Companies Ordinance (Chapter 622 of the Laws of Hong Kong),
currently pending before the High Court of Hong Kong (Case Number
HCMP 1091/2023.

Affiliate Tianji Holding Limited is incorporated in Hong Kong as a
limited liability company, with its principal place of business
located at 17th Floor, One Island East, Taikoo Place, 18 Westlands
Road, Quarry Bay, Hong Kong. Tianji is subject to a restructuring
proceeding entitled In the Matter of Tianji Holding Limited,
concerning a scheme of arrangement between Tianji and certain
Scheme Creditors, pursuant to the relevant provisions of the Hong
Kong Companies Ordinance and currently pending before the Hong Kong
Court (Case Number HCMP 1090/2023).

Affiliate Scenery Journey Limited is incorporated in the British
Virgin Islands as a limited liability company, with its principal
place of business located at 2nd Floor Water's Edge Building,
Wickham's Cay II, Road Town, Tortola, BVI. Scenery Journey is
subject to a restructuring proceeding entitled In the Matter of
Scenery Journey Limited, concerning a scheme of arrangement between
Scenery Journey and certain Scheme Creditors, pursuant to section
179A of the BVI Business Companies Act, 2004, and currently pending
before the High Court of the Eastern Caribbean Supreme Court (Case
Number BVIHCOM 2023/0076).

U.S. Bankruptcy Judge Michael E Wiles presides over the Chapter 15
proceedings.

Sidley Austin is the Hong Kong Counsel to Evergrande and Tianji.
Maples BVI is the British Virgin Island Counsel to Scenery
Journey.

On Jan. 29, 2024, a Hong Kong court ordered the liquidation of
China Evergrande Group.


SHINECO INC: Closes $2 Million Underwritten Public Offering
-----------------------------------------------------------
Shineco, Inc. announced the closing of its underwritten public
offering of 1,869,160 shares of its common stock at a public
offering price of $1.07 per share of common stock, for aggregate
gross proceeds of approximately $2 million, prior to deducting
underwriting discounts and other offering expenses.  In addition,
the Company has granted the underwriters a 45-day option to
purchase up to an additional 280,374 shares of common stock at the
public offering price per share, less the underwriting discounts to
cover over-allotments, if any.

EF Hutton LLC acted as the sole book-running manager for the
offering.

The common stock was offered by the Company pursuant to an
effective shelf registration statement on Form S-3 (File No.
333-261229), which was filed with the SEC and declared effective by
the SEC on June 10, 2022, and the accompanying prospectus contained
therein.

The offering was made only by means of a prospectus supplement and
the accompanying prospectus that form a part of the registration
statement.  A prospectus supplement describing the terms of the
public offering was filed with the SEC and formed a part of the
effective registration statement.  The final prospectus supplement
and accompanying prospectus relating to this offering were filed
with the SEC on July 15, 2024.

Copies of the prospectus supplement and the accompanying prospectus
relating to this Offering may be obtained on the SEC's website at
http://www.sec.govor by contacting EF Hutton LLC Attention:
Syndicate Department, 590 Madison Avenue, 39th Floor, New York, NY
10022, by email at syndicate@efhutton.com, or by telephone at (212)
404-7002.

                             About Shineco

Headquartered in Beijing, People's Republic of China, Shineco, Inc.
is a holding company incorporated in Delaware.  As a holding
company with no material operations of its own, the Company
conducts its operations through its subsidiaries and in the two
years ended June 30, 2022 and 2023, through the variable interest
entities and subsidiaries.  The Company's shares of common stock
currently listed on the Nasdaq Capital Markets are shares of the
Company's Delaware holding company.  Shineco has researched and
developed 33 vitro diagnostic reagents and related medical devices
to date, and the Company also produces and sells healthy and
nutritious foods.

Singapore-based AssentSure PAC, the Company's auditor since 2021,
issued a "going concern" qualification in its report dated Sept.
28, 2023, citing that the Company had net losses of US$13,956,031
and US$27,067,139, and cash outflow of US$5,390,594 and
US$5,712,562 from operating activities for the years ended June 30,
2023 and 2022, respectively.  The auditor also draws attention to
Note 19 of the financial statements, which describes the
uncertainty related to the outcome of the lawsuits filed against
the Company.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.

"As disclosed in the Company's unaudited condensed consolidated
financial statements, the Company had recurring net losses of
US$12.9 million and US$6.9 million, and continuing cash outflow of
US$2.9 million and US$2.5 million from operating activities from
continuing operations for the nine months ended March 31, 2024 and
2023, respectively.  As of March 31, 2024, the Company had negative
working capital of US$20.9 million.  Management believes these
factors raise substantial doubt about the Company's ability to
continue as a going concern for the next twelve months.  In
assessing the Company's going concern, management monitors and
analyzes the Company's cash on-hand and its ability to generate
sufficient revenue sources in the future to support its operating
and capital expenditure commitments.  The Company's liquidity needs
are to meet its working capital requirements, operating expenses
and capital expenditure obligations.  Direct offering and debt
financing have been utilized to finance the working capital
requirements of the Company," said Shineco in its Quarterly Report
on Form 10-Q for the period ended March 31, 2024.




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H O N G   K O N G
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TAHOE LIFE: Insurance Authority appoints Deloitte as Managers
-------------------------------------------------------------
South China Morning Post reports that Hong Kong's Insurance
Authority has for the first time taken over control of a distressed
life insurance company based in the city.

According to the Post, the regulator said in a statement on July 26
that it had appointed managers to take control of all assets and
operations of Tahoe Life Insurance.

Tahoe Life, indirectly controlled by mainland Chinese developer
Tahoe Group's chairman Huang Qisen, has about 90,000 life policies
worth HK$18 billion (US$2.3 billion), giving it a market share of
less than 1 per cent, according to the authority, the Post relays.

Since 2021, Tahoe Life has been banned by the authority from
issuing new policies, restricted its investments and prevented it
from trading with any company with connections to Tahoe Group after
a HK$2.2 billion debt investment connected with its parent became
worthless in July 2020.

The Post relates that the takeover came after the Insurance
Authority and the Securities and Futures Commission undertook a
joint investigation over the HK$2.2 billion investment, as it was
illegal and was not approved by the insurance regulator.

The company was also unable to issue financial reports in 2022 and
2023 and could not find a new buyer after the financial troubles of
its mainland parent came to light.

Policyholders' rights will not be affected as the current
information indicates Tahoe still has the ability to service the
existing policies in case policy owners decide to surrender them,
the authority, as cited by the Post, said.

The authority has appointed Derek Lai and Forrest Kam from Deloitte
Touche Tohmatsu and Oliver Cheng from Deloitte Advisory (Hong Kong)
as joint managers to take full control of the company, the Post
discloses.

The Post relates that the Insurance Authority has tasked the three
managers to find insurers to take over Tahoe's policies under the
same conditions so as to ensure policyholders are not affected by
the company's problems.

The managers will see that the firm continues to operate, serves
customers and handles claims. For inquiries, customers may call
22387006 or email tahoe_en@deloitte.com.hk.

The Post says the Insurance Authority subjected Tahoe Life to a
series of restrictions since mid-2020 after finding the management
had illegally made the HK$2.2 billion investment. The measures
included banning the company from withdrawing bank deposits or
assets from the city.

The Post relates that the authority said it was forced to step up
its actions and take full control of Tahoe as the company failed to
submit audited financial statements for 2022 and 2023 and deliver
on promises to bring in new strategic investors and to improve its
corporate governance.

"Given that its majority shareholders are embroiled in multiple
debt proceedings, appointment of the managers is necessary to
ascertain the latest financial and solvency position, preserve
capital resources and identify optimal recovery solutions in the
best interest of policyholders," the Post quotes an Insurance
Authority spokesman as saying.

"This is an isolated incident. Our supervisory regime is robust and
forward looking. We have confidence that all authorised insurers in
Hong Kong are able to fulfil their contractual obligations to
policyholders."

He said the previous ring-fencing measures imposed by the regulator
have ensured Tahoe Life can meet its insurance obligations towards
policyholders.

"We would like to remind the general public that since life
insurance products are designed to reach maturity over a fairly
long period of time, policyholders are advised to carefully assess
their own circumstances and avoid making hasty decisions," the
spokesman said.

Tahoe Life Insurance was formed in 2017 after mainland Chinese
investment firm Tahoe Investment Group acquired Hong Kong's Dah
Sing Life Assurance.




=========
I N D I A
=========

ANUNAY FAB: CRISIL Moves D Debt Ratings from Not Cooperating
------------------------------------------------------------
Due to inadequate information, CRISIL Ratings, in line with SEBI
guidelines, had migrated the rating of Anunay Fab Limited (AFL) to
'CRISIL D/CRISIL D Issuer Not Cooperating'. However, the management
has subsequently started sharing requisite information, necessary
for carrying out comprehensive review of the rating. Consequently,
CRISIL Ratings has migrated its ratings on the bank facilities of
AFL to 'CRISIL D/CRISIL D' from 'CRISIL D/CRISIL D Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)      Ratings
   ----------        -----------      -------
   Letter of Credit       1.00        CRISIL D (Migrated from
                                      'CRISIL D ISSUER NOT
                                      COOPERATING')

   Proposed Long Term     6.45        CRISIL D (Migrated from
   Bank Loan Facility                 'CRISIL D ISSUER NOT
                                      COOPERATING')

   Term Loan             10.53        CRISIL D (Migrated from
                                      'CRISIL D ISSUER NOT
                                      COOPERATING')

   Working Capital       63.02        CRISIL D (Migrated from
   Facility                           'CRISIL D ISSUER NOT
                                      COOPERATING')

The downgrade is on account of delay in servicing term debt in
April 2024 owing to weak liquidity.

The ratings continue to reflect stretched working-capital cycle and
vulnerability of operating margins to fluctuations raw material
prices and foreign exchange fluctuations. These rating weaknesses
are partially offset by extensive experience of the promoters.

Key Rating Drivers & Detailed Description

Weaknesses:

* Delays in servicing debt obligation: There was a delay in meeting
debt obligation in April 2024 on account of poor liquidity
position.

* Vulnerability of operating margins to fluctuations in raw
material prices and foreign exchange fluctuations: The textile
industry is marked by low entry barriers and a high level of
fragmentation which results in intense competition. Additionally,
the operating margins are highly susceptible to the volatility in
the raw material prices of cotton, which is the primary raw
material for AFL. Further, as majority of revenue comes from the
international market, any sharp fluctuation in forex rates affects
realizations and accrual.

* Below average financial profile:  AFL has average financial
profile marked by gearing of and total outside liabilities to adj
tangible net worth (TOL/ANW) of 2.19 times and 3.26 times
respectively as on 31st March 2024. AFL's debt protection metrics
are subdued as reflected in the interest coverage and net cash
accrual to adjusted ratio are at 1.31 times and 0.04 times for
fiscal 2023.

* Stretched working capital cycle: The operations of the company
are working capital intensive as reflected in the gross current
assets of 264 days as on March 31,2024 driven by sizeable inventory
of 193 days and moderate debtors of 70 days. The inventory days are
high on account of high work in progress inventory due to high
processing time and large inventory requirements. Going forward,
working capital cycle is expected to continue at similar levels.

Strength:

* Promoters' extensive experience: The three-decade-long experience
of the promoters in the textile industry and their longstanding
relationships with suppliers and customers have helped the company
successfully navigate business cycles over the years.

Liquidity: Poor

Liquidity is poor, reflected by delay in servicing debt. Working
capital limits are 97-100% utilized for the last twelve months
ended March 2024.

Rating Sensitivity factors

Upward factors:

* Proven track record of timely debt servicing of 90 days or more
* Improvement in working capital cycle strengthening the liquidity
profile
* Sustained improvement in scale of operation and sustenance of
operating margin, leading to higher cash accruals.

AFL was incorporated in 1992 by Mr. Radheshyam Agrawal and his
sons, Mr. Purushottam Agrawal and Mr. Anjani Agrawal. The company
is engaged in manufacturing and exporting cotton textile products
like bedsheets, bed-sheet sets, pillow covers, cotton bags, etc.
AFL has manufacturing facility located in Ahmedabad- Gujarat.


BYJU'S: NCLAT Judge Recuses from Hearing Plea vs. Insolvency
------------------------------------------------------------
Business Standard reports that Byju's Founder Byju Raveendran's
plea against the Insolvency of Think & Learn before the NCLAT was
adjourned on July 29 as one of the members of the bench recused
from the hearing.

According to the report, the matter will be placed before a bench
headed by National Company Law Appellate Tribunal (NCLAT) Chairman
Justice Ashok Bhushan, who will assign a different bench to hear
the matter.

Business Standard says Raveendran had filed a petition challenging
the initiation of insolvency proceedings against of Think & Learn,
which runs edtech company Byju's.

The matter was listed on July 29 before a two-member Chennai-based
bench of the NCLAT comprising Justice Sharad Kumar Sharma, Member
(Judicial), and Jatindranath Swain, Member (Technical).

However, Justice Sharma recused himself from the hearing, saying he
had appeared as the counsel for the Board of Control for Cricket in
India (BCCI) before his elevation, Business Standard relates.

"I have appeared as a senior counsel for (the) BCCI. Since they are
the main beneficiaries of this order, I cannot take this up," the
report quotes Sharma as saying.

The Bengaluru bench of the National Company Law Tribunal (NCLT) on
July 16 directed Corporate Insolvency Resolution Proceedings
(CIRP), admitting the plea filed by the BCCI.

The BCCI had approached the NCLT under the Insolvency and
Bankruptcy Code (IBC) over a default of Rs 158.9 crore by Think &
Learn -- once India's most valuable startup worth an estimated USD
22 billion.

NCLT has suspended the board of Think & Learn Pvt Ltd as per the
provisions of the IBC and had appointed an interim resolution
professional (IRP) to take care of the debt-ridden firm.

Business Standard says Raveendran challenged the NCLT order before
the appellate tribunal NCLAT. He has also approached the Karnataka
High Court.

The high court had on July 26 deferred Raveendran's plea to July
30, Business Standard discloses.

At the high court, Raveendran challenged the validity of the order
and suspension of the NCLT order till the NCLAT hears the appeal.

                            About Byju's

Based in Bengaluru, Karnataka, India, Byju's operates an online
learning platform intended to deliver engaging and accessible
education. The company's platform makes use of original content,
watch-and-learn videos, animations, and interactive simulations
that make learning contextual, visual, and practical, enabling
students to receive a personalized educational experience.

As reported in the Troubled Company Reporter-Asia Pacific in
mid-July 2024, Byju's will face insolvency proceedings for failure
to pay $19 million in dues to the country's cricket board. Reuters
said Byju's has suffered numerous setbacks in recent years,
including boardroom exits and a tussle with investors who accused
CEO Byju Raveendran of corporate governance lapses, job cuts and a
collapse in its valuation to less than $3 billion. Byju's has
denied any wrongdoing.

According to Reuters, a ruling by India's companies tribunal on
July 16, following a complaint by the Board of Control for Cricket
in India (BCCI), initiated insolvency proceedings. These will
include the appointment of an interim resolution professional,
Pankaj Srivastava, who will oversee the management of Byju's as the
company's board of directors is suspended as per law.  CEO
Raveendran will report to the resolution professional and the
company's assets will remain frozen while the proceedings
continue.

The TCR-AP, citing Moneycontrol, reported on Jan. 26, 2024, that
foreign lenders, who collectively extended more than 85% of Byju's
$1.2 billion term loan, have filed an insolvency petition against
the online tutor in India. Moneycontrol related that the bankruptcy
petition was filed in January 2024 in the Bengaluru bench of the
National Company Law Tribunal (NCLT), the people said, requesting
anonymity.

BYJU's Alpha, Inc., a U.S. unit of Byju's, sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No.
24-10140) on Feb. 1, 2024.  In the petition signed by Timothy R.
Pohl, chief executive officer, the Debtor disclosed up to $1
billion in assets and up to $10 billion in liabilities.


EASTERN MATTRESSES: CRISIL Keeps C Ratings in Not Cooperating
-------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Eastern
Mattresses Private Limited (EMPL) continue to be 'CRISIL C Issuer
Not Cooperating'.

                        Amount
   Facilities        (INR Crore)      Ratings
   ----------        -----------      -------
   Cash Credit           17           CRISIL C (Issuer Not
                                      Cooperating)

   Long Term Loan         3.48        CRISIL C (Issuer Not
                                      Cooperating)

   Proposed Long Term     3.02        CRISIL C (Issuer Not
   Bank Loan Facility                 Cooperating)

CRISIL Ratings has been consistently following up with EMPL for
obtaining information through letter and email dated June 19, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative and the ratings on bank
facilities of EMPL continues to be 'CRISIL C Issuer Not
Cooperating'.

The entity did not provide the No Default Statements (NDS) for the
last three months. Therefore, the issuer is being classified as
'non cooperative' in line with Clause 11. 3 of SEBI Master circular
dated May 16, 2024.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of EMPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on EMPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
EMPL continues to be 'CRISIL C Issuer Not Cooperating'.

Incorporated in 1999, EMPL manufactures and sells rubberised coir
mattresses, spring mattresses and polyurethane foam mattresses
under its own brand, Sunidra & Ruby. EMPL is based in Thodupuzha,
Kerala and its operations are managed by Mr Firoz Meeran and Mr
Nawas Meeran.


GRK THEATRES: CRISIL Moves B- Debt Ratings to Not Cooperating
-------------------------------------------------------------
CRISIL Ratings has migrated the rating on bank facilities of GRK
Theatres Private Limited (GRK) to 'CRISIL B-/Stable Issuer not
cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Funded Interest       1.06       CRISIL B-/Stable (ISSUER NOT
   Term Loan                        COOPERATING; Rating Migrated)

   Lease Rental         16.61       CRISIL B-/Stable (ISSUER NOT
   Discounting Loan                 COOPERATING; Rating Migrated)

   Lease Rental          8.50       CRISIL B-/Stable (ISSUER NOT
   Discounting Loan                 COOPERATING; Rating Migrated)

   Overdraft Facility    2.00       CRISIL B-/Stable (ISSUER NOT
                                    COOPERATING; Rating Migrated)

   Proposed Working     14.95       CRISIL B-/Stable (ISSUER NOT
   Capital Facility                 COOPERATING; Rating Migrated)

   Term Loan             2.43       CRISIL B-/Stable (ISSUER NOT
                                    COOPERATING; Rating Migrated)

   Term Loan             3.02       CRISIL B-/Stable (ISSUER NOT
                                    COOPERATING; Rating Migrated)

   Working Capital       7.43       CRISIL B-/Stable (ISSUER NOT
   Term Loan                        COOPERATING; Rating Migrated)

   Working Capital       4.00       CRISIL B-/Stable (ISSUER NOT
   Term Loan                        COOPERATING; Rating Migrated)

CRISIL Ratings has been consistently following up with GRK for
obtaining information through letter and email dated June 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of GRK, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on GRK
is consistent with 'Assessing Information Adequacy Risk'.
Therefore, on account of inadequate information and lack of
management cooperation, CRISIL Ratings has migrated the rating on
bank facilities of GRK to 'CRISIL B-/Stable Issuer not
cooperating'.

Cuddalore (Tamilnadu) based GRK was incorpored in 1983 and having
diverse business interest including Theatres, Restaurant and

KASUKURTHI SUJATHA: CRISIL Keeps D Ratings in Not Cooperating
-------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Kasukurthi
Sujatha Constructions Private Limited (KSCPL) continue to be
'CRISIL D/CRISIL D Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Bank Guarantee         80         CRISIL D (Issuer Not
                                     Cooperating)

   Cash Credit            70         CRISIL D (Issuer Not
                                     Cooperating)

   Proposed Bank          70         CRISIL D (Issuer Not
   Guarantee                         Cooperating)

   Proposed Cash          30         CRISIL D (Issuer Not
   Credit Limit                      Cooperating)

CRISIL Ratings has been consistently following up with KSCPL for
obtaining information through letter and email dated June 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of KSCPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on KSCPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
KSCPL continues to be 'CRISIL D/CRISIL D Issuer Not Cooperating'.

Set up as a partnership concern in 1999 by Mr. K Jagan Mohan Rao
and his wife Mrs. K Sujatha, KSCPL was reconstituted as a private
limited company in 2004. The company primarily installs gas
pipelines, high-density polyethylene cables, and high-tension
electricity lines. It is based in Hyderabad (Telangana).


LHASA HOTEL: CRISIL Keeps D Debt Rating in Not Cooperating
----------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Lhasa Hotel &
Restaurant (LHR) continues to be 'CRISIL D Issuer Not
Cooperating'.

                          Amount
   Facilities          (INR Crore)     Ratings
   ----------          -----------     -------
   Overdraft Facility       5.8        CRISIL D (Issuer Not
                                       Cooperating)

CRISIL Ratings has been consistently following up with LHR for
obtaining information through letter and email dated June 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of LHR, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on LHR
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
LHR continues to be 'CRISIL D Issuer Not Cooperating'.

Established in 2009, LHR operates a hotel and restaurant in
Dharamshala. Operations are managed by Mr. Karthikeya Bhardwaj, son
of Mr. Kul Prakash Bhardwaj.



MAHA ELECTRONICS: CRISIL Keeps D Debt Ratings in Not Cooperating
----------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Maha
Electronics Private Limited (MEPL) continue to be 'CRISIL D Issuer
Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit            15         CRISIL D (Issuer Not
                                     Cooperating)

   Proposed Long Term      0.5       CRISIL D (Issuer Not
   Bank Loan Facility                Cooperating)

CRISIL Ratings has been consistently following up with MEPL for
obtaining information through letter and email dated June 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of MEPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on MEPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
MEPL continues to be 'CRISIL D Issuer Not Cooperating'.

MEPL was set up as a partnership firm, Maha Electronics Service, in
1994 by Mr. S Venkateswarulu and his wife Mrs. S Punyavathy; the
firm was reconstituted as a private limited company and it got its
current name in 2002. MEPL is an authorized service partner for HP
and has also started erection and installation of towers. The
company is based out of Hyderabad, Telangana.


MANAS GEO: CRISIL Keeps B+ Debt Ratings in Not Cooperating
----------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Manas Geo
Tech India Private Limited (MGTIPL) continue to be 'CRISIL
B+/Stable Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit            3.35       CRISIL B+/Stable (Issuer Not
                                     Cooperating)

   Term Loan              4.65       CRISIL B+/Stable (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with MGTIPL for
obtaining information through letter and email dated June 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of MGTIPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on
MGTIPL is consistent with 'Assessing Information Adequacy Risk'.
Based on the last available information, the ratings on bank
facilities of MGTIPL continues to be 'CRISIL B+/Stable Issuer Not
Cooperating'.

MGTIPL was set up in 20154, by the promoter, Mr Dinesh Kanodia. The
company manufactures non-woven geotextile that is used in
construction of tunnels, dams and railways.


MANGALDEEP RICE: CRISIL Keeps D Debt Ratings in Not Cooperating
---------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Mangaldeep
Rice Mill Private Limited (MRM) continue to be 'CRISIL D Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit            6          CRISIL D (Issuer Not
                                     Cooperating)

   Term Loan              8.24       CRISIL D (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with MRM for
obtaining information through letter and email dated June 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of MRM, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on MRM
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
MRM continues to be 'CRISIL D Issuer Not Cooperating'.

MRM, incorporated in 2010-11 (refers to financial year, April 1 to
March 31), processes paddy. It has milling capacity of 4 tonnes per
hour and sells mainly to the Government of Bihar under the public
distribution system. It also sells in the local market.


MANISH EMPIRE: CRISIL Keeps D Debt Rating in Not Cooperating
------------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Manish Empire
(ME) continues to be 'CRISIL D Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Term Loan              12.6       CRISIL D (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with ME for
obtaining information through letter and email dated June 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of ME, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on ME is
consistent with 'Assessing Information Adequacy Risk'. Based on the
last available information, the ratings on bank facilities of ME
continues to be 'CRISIL D Issuer Not Cooperating'.

Established in 2014 by Vadodara-based Mr Manish Patel and his
family members, ME has a hotel in Vadodara


MARK INFRASTRUCTURE: CRISIL Keeps D Ratings in Not Cooperating
--------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Mark
Infrastructure Private Limited (MIPL) continue to be 'CRISIL
D/CRISIL D Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Bank Guarantee         5          CRISIL D (Issuer Not
                                     Cooperating)

   Cash Credit            4.5        CRISIL D (Issuer Not
                                     Cooperating)

   Proposed Long Term     5          CRISIL D (Issuer Not
   Bank Loan Facility                Cooperating)

CRISIL Ratings has been consistently following up with MIPL for
obtaining information through letter and email dated June 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of MIPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on MIPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
MIPL continues to be 'CRISIL D/CRISIL D Issuer Not Cooperating'.

Incorporated in 1998 by Mr Vemuri Ravi Kiran, Hyderabad-based MIPL
undertakes civil construction works related to construction of
buildings.


MNR DAIRY: CRISIL Keeps D Debt Rating in Not Cooperating Category
-----------------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of MNR Dairy
Farms (MNR) continues to be 'CRISIL D Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Term Loan              25         CRISIL D (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with MNR for
obtaining information through letter and email dated June 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of MNR, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on MNR
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
MNR continues to be 'CRISIL D Issuer Not Cooperating'.

MNR was set up as a partnership concern in 2011 Mr. M Narsi Reddy
and family. The firm processes milk, which it sells under the brand
Kiaro. It is based in Hyderabad.


MURUGAN AGENCIES: CRISIL Keeps B+ Debt Ratings in Not Cooperating
-----------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Sri Murugan
Agencies (SMA) continue to be 'CRISIL B+/Stable Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Long Term Loan        0.25        CRISIL B+/Stable (Issuer Not
                                     Cooperating)

   Secured Overdraft     6.25        CRISIL B+/Stable (Issuer Not
   Facility                          Cooperating)

   Working Capital       1.50        CRISIL B+/Stable (Issuer Not
   Term Loan                         Cooperating)

CRISIL Ratings has been consistently following up with SMA for
obtaining information through letter and email dated June 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of SMA, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on SMA
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
SMA continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.

SMA was established in 1990 as proprietorship firm. It is engaged
in wholesale and retailing of starch, sago, tapioca flour, etc. The
firm is based in Attur - Tamil Nadu and owned by Mr. P.
Periyasamy.


PCP INTERNATIONAL: CRISIL Keeps D Debt Ratings in Not Cooperating
-----------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of PCP
International Limited (PCPIL) continue to be 'CRISIL D/CRISIL D
Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)      Ratings
   ----------        -----------      -------
   Bank Guarantee         37          CRISIL D (Issuer Not
                                      Cooperating)

   Cash Credit            15          CRISIL D (Issuer Not
                                      Cooperating)

   Long Term Loan          2.73       CRISIL D (Issuer Not
                                      Cooperating)

CRISIL Ratings has been consistently following up with PCPIL for
obtaining information through letter and email dated June 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of PCPIL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on PCPIL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
PCPIL continues to be 'CRISIL D/CRISIL D Issuer Not Cooperating'.

Incorporated in 1969 by promoter, Mr HS Meijee, Chandigarh-based
PCPIL erects, fabricates, and commissions boiler turbines for power
plants under a boiler, turbine, and generator package.

SEVEN SEAS: CRISIL Keeps D Ratings in Not Cooperating Category
--------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Seven Seas
Hospitality Private Limited (SSHPL) continue to be 'CRISIL D Issuer
Not Cooperating'

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Overdraft Facility      4         CRISIL D (Issuer Not
                                     Cooperating)

   Overdraft Facility     11         CRISIL D (Issuer Not
                                     Cooperating)

   Overdraft Facility      6.25      CRISIL D (Issuer Not
                                     Cooperating)

   Overdraft Facility      4.75      CRISIL D (Issuer Not
                                     Cooperating)

   Proposed Working       13.74      CRISIL D (Issuer Not
   Capital Facility                  Cooperating)

   Term Loan              83.18      CRISIL D (Issuer Not
                                     Cooperating)

   Term Loan              36.81      CRISIL D (Issuer Not
                                     Cooperating)

   Term Loan              62.27      CRISIL D (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with SSHPL for
obtaining information through letter and email dated June 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of SSHPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on SSHPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
SSHPL continues to be 'CRISIL D Issuer Not Cooperating'.

Incorporated in 2006 and promoted by the Dang group, SSHPL offers
banqueting and catering services at three banquet halls at Lawrence
Road, Delhi, with combined seat


SEW KRISHNAGAR: CRISIL Keeps D Debt Ratings in Not Cooperating
--------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Sew
Krishnagar Baharampore Highways Limited (SKBHL) continue to be
'CRISIL D Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------

   Term Loan              75         CRISIL D (Issuer Not
                                     Cooperating)

   Term Loan              50         CRISIL D (Issuer Not
                                     Cooperating)

   Term Loan              100        CRISIL D (Issuer Not
                                     Cooperating)

   Term Loan              100        CRISIL D (Issuer Not
                                     Cooperating)

   Term Loan               50        CRISIL D (Issuer Not
                                     Cooperating)

   Term Loan               25        CRISIL D (Issuer Not
                                     Cooperating)

   Term Loan               25        CRISIL D (Issuer Not
                                     Cooperating)

   Term Loan             150.32      CRISIL D (Issuer Not
                                     Cooperating)

   Term Loan              25         CRISIL D (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with SKBHL for
obtaining information through letter and email dated June 19, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of SKBHL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on SKBHL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
SKBHL continues to be 'CRISIL D Issuer Not Cooperating'.

SKBHL is a wholly owned SPV of SEW Transportation Networks Ltd,
which is a 100% subsidiary of Sew Infrastructure Ltd (SIL). SIL was
awarded a build-operate-transfer contract by NHAI for converting
the 78-km stretch between Krishnagar and Baharampore in West Bengal
to four lanes from two lanes (from 115 km to 193 km on National
Highway-34, which connects Kolkata to Dalkhola in northern West
Bengal). The project is being implemented by SKBHL at a project
cost is Rs 1,155 crore.

The scheduled COD for the project was in July 2014. However, owing
to delays in project implementation, land acquisition, lag in
equity infusion by the promoters, and delay in disbursement of the
term loan, the project has been delayed by almost six years. The
company completed 65.02 km (85%) out of total stretch of 76.358 km
by December 2018, and applied for PCOD. Post recommendation from
IE, NHAI approved PCOD on February 10, 2020 for the 65.02 km of
stretch. De-scoping of 3.9 km of land has been done, 2.1 km land
has been made available and work on the same is progressing and
balance 5 km land is yet to be made available by NHAI.

The company has received 4 annuities till date, one each in July
and January, starting July 2020.


SIVIKA FOODS: CRISIL Keeps B Debt Ratings in Not Cooperating
------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Sivika Foods
Private Limited (Sivika; part of the Rajeshwara group) continue to
be 'CRISIL B/Stable Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)      Ratings
   ----------        -----------      -------
   Cash Credit            12          CRISIL B/Stable (Issuer Not
                                      Cooperating)

   Proposed Long Term      2          CRISIL B/Stable (Issuer Not
   Bank Loan Facility                 Cooperating)

CRISIL Ratings has been consistently following up with Sivika for
obtaining information through letter and email dated June 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of Sivika, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on
Sivika is consistent with 'Assessing Information Adequacy Risk'.
Based on the last available information, the ratings on bank
facilities of Sivika continues to be 'CRISIL B/Stable Issuer Not
Cooperating'.

For arriving at the rating, CRISIL Ratings has combined the
business and financial risk profiles of Rohini Minerals, Sri
Rajeshwara Hatcheries Pvt Ltd (Sri Rajeshwara), and Sivika Foods
Pvt Ltd (Sivika). The three companies, together referred to as the
Rajeshwara group, have common promoters, are in the same business,
and have operational linkages and fungible cash flow.

The Rajeshwara group, set up in 1996 by Dr A Tirupathi Reddy and Dr
G Ranjith Reddy, Sri Rajeshwara set up in 1996 rears broiler
chicks. Rohini Minerals, set up in 1999, manufactures poultry feed.
In 2014, the group acquired Sivika Foods, which is engaged in
poultry farming in the layer segment.


STANDARD AUTOGEARS: CRISIL Keeps D Ratings in Not Cooperating
-------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Standard
Autogears Private Limited (SAPL) continue to be 'CRISIL D Issuer
Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Bill Discounting      3           CRISIL D (Issuer Not
                                     Cooperating)

   Bill Discounting      0.75        CRISIL D (Issuer Not
                                     Cooperating)

   Open Cash Credit      3           CRISIL D (Issuer Not
                                     Cooperating)

   Proposed Cash         0.5         CRISIL D (Issuer Not
   Credit Limit                      Cooperating)

CRISIL Ratings has been consistently following up with SAPL for
obtaining information through letter and email dated June 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of SAPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on SAPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
SAPL continues to be 'CRISIL D Issuer Not Cooperating'.

SAPL, incorporated in 1997 in Mohali (Punjab) by Mr. Anil Atri,
manufactures ceiling fan blades and refrigerator components. It has
a fan blade manufacturing plant in Mohali with capacity of 100,000
packs.


STEELWAYS ENTERPRISES: CRISIL Keeps D Ratings in Not Cooperating
----------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Steelways
Enterprises (SE) continue to be 'CRISIL D Issuer Not Cooperating'.

                          Amount
   Facilities          (INR Crore)     Ratings
   ----------          -----------     -------
   Cash Credit              7          CRISIL D (Issuer Not
                                       Cooperating)

   Proposed Long Term       3          CRISIL D (Issuer Not
   Bank Loan Facility                  Cooperating)

CRISIL Ratings has been consistently following up with SE for
obtaining information through letter and email dated June 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of SE, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on SE is
consistent with 'Assessing Information Adequacy Risk'. Based on the
last available information, the ratings on bank facilities of SE
continues to be 'CRISIL D Issuer Not Cooperating'.

SE was set up in 1983 as a partnership firm by Delhi-based Sharma
family. After a family separation, SE was reconstituted as a
proprietorship firm owned by Mr. B N Sharma. SE trades in tool
steels and alloy steels, such as cold work tool steel, plastic
mould steel, stainless steel, high-speed steel, and die block
steel, in the National Capital Region, Punjab, and Uttar Pradesh.
Mr. B N Sharma and his son Mr. Pawan Sharma actively manage the
firm's day-to-day operations.


SWARNA ACADEMY: CRISIL Keeps D Debt Ratings in Not Cooperating
--------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Swarna
Academy of Sciences (SAS) continue to be 'CRISIL D Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit/           4.5        CRISIL D (Issuer Not
   Overdraft facility                Cooperating)

   Proposed Long Term     1.0        CRISIL D (Issuer Not  
   Bank Loan Facility                Cooperating)

   Term Loan              2.5        CRISIL D (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with SAS for
obtaining information through letter and email dated June 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of SAS, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on SAS
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
SAS continues to be 'CRISIL D Issuer Not Cooperating'.

SAS was founded in 2007, in Vijaywada, Andhra Pradesh by Mrs M
Swarna Devi and other associates. SAS operates an institute called
MVR College of Engineering and Technology, offering post-graduate
courses in engineering, business management (MBA), technology


T G R PROJECTS: CRISIL Keeps B Debt Ratings in Not Cooperating
--------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of T G R
Projects India Private Limited (TGRPL) continue to be 'CRISIL
B/Stable Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)      Ratings
   ----------        -----------      -------
   Long Term Loan         20.5        CRISIL B/Stable (Issuer Not
                                      Cooperating)

   Proposed Term Loan     11.5        CRISIL B/Stable (Issuer Not
                                      Cooperating)

CRISIL Ratings has been consistently following up with TGRPL for
obtaining information through letter and email dated June 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of TGRPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on TGRPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
TGRPL continues to be 'CRISIL B/Stable Issuer Not Cooperating'.

Bengaluru (Karnataka) based, TGRPL was incorporated in the year
2012 by Mr. Gopal Reddy, Mr Aravind Reddy, Mrs. G. Aruna Devi, Mr.
Mansukhlal Patel, Mr. G. Anand and others. The company began
commercial operation in 2014 and is currently engaged in the
construction of residential apartments in Bangalore.


UNIVERSAL TUBE: CRISIL Keeps D Debt Ratings in Not Cooperating
--------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Universal
Tube Accessories Private Limited (UTAPL) continue to be 'CRISIL D
Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit           0.68        CRISIL D (Issuer Not
                                     Cooperating)

   Long Term Loan        4.32        CRISIL D (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with UTAPL for
obtaining information through letter and email dated June 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of UTAPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on UTAPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
UTAPL continues to be 'CRISIL D Issuer Not Cooperating'.

UTAPL, incorporated in 2011 by Mr Dayanand Petkar, manufactures
plastic pipe fittings used in oil and gas industries; it also
produces plastic packaging material for paint and chemical
industries, and food products. The production facility at Jejuri
MIDC (Pune) has installed capacity of 3.6 lakh sets per annum.


VENKATESHWARA CORP: CRISIL Keeps B Ratings in Not Cooperating
-------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Shri
Venkateshwara Corporation (SVC) continue to be 'CRISIL B/Stable
Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit            10         CRISIL B/Stable (Issuer Not
                                     Cooperating)

   Proposed Long Term      1         CRISIL B/Stable (Issuer Not
   Bank Loan Facility                Cooperating)

CRISIL Ratings has been consistently following up with SVC for
obtaining information through letter and email dated June 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of SVC, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on SVC
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
SVC continues to be 'CRISIL B/Stable Issuer Not Cooperating'.

SVC, established in 2006, is promoted by Mr Devrajbhai Patel, Mr
Abhijeet Phadnavis, and Ms Bharati Kontamwar. The firm mills and
processes rice, mainly the HMT and Kolam varieties, at its unit in
Chandrapur, Maharashtra.


VIROO MAL: CRISIL Keeps D Debt Ratings in Not Cooperating
---------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Viroo Mal
Mulkh Raj Jain Rice Mills Private Limited (Viroo) continue to be
'CRISIL D Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit              58       CRISIL D (Issuer Not
                                     Cooperating)

   Warehouse Financing      10       CRISIL D (Issuer Not
                                     Cooperating)

   Warehouse Financing       2       CRISIL D (Issuer Not
                                     Cooperating)

   Warehouse Financing       7       CRISIL D (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with Viroo for
obtaining information through letter and email dated June 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of Viroo, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on Viroo
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
Viroo continues to be 'CRISIL D Issuer Not Cooperating'.

Viroo was set up as a proprietorship firm by Mr Gulshan Jain in
2003; it was reconstituted as a partnership firm in July 2012, and
as a private limited company in March 2015. The company processes
and trades in rice.


VIVEK ENTERPRISE: CRISIL Keeps B Debt Ratings in Not Cooperating
----------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Vivek
Enterprise - Junagadh (VE) continue to be 'CRISIL B/Stable Issuer
Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit            10         CRISIL B/Stable (Issuer Not
                                     Cooperating)

   Long Term Loan          1         CRISIL B/Stable (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with VE for
obtaining information through letter and email dated June 11, 2024
among others, apart from telephonic communication. However, the
issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of VE, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on VE is
consistent with 'Assessing Information Adequacy Risk'. Based on the
last available information, the ratings on bank facilities of VE
continues to be 'CRISIL B/Stable Issuer Not Cooperating'.

Established in 2011, VE is a proprietorship firm promoted by Mr
Jinesh Desai and is engaged in processing of ground nut and trading
of agro commodities.


ZINDRELLA: CRISIL Keeps D Debt Rating in Not Cooperating Category
-----------------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Zindrella
(Zindrella) continues to be 'CRISIL D Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)     Ratings
   ----------        -----------     -------
   Cash Credit             6         CRISIL D (Issuer Not
                                     Cooperating)

CRISIL Ratings has been consistently following up with Zindrella
for obtaining information through letter and email dated June 11,
2024 among others, apart from telephonic communication. However,
the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of Zindrella, which restricts
CRISIL Ratings' ability to take a forward looking view on the
entity's credit quality. CRISIL Ratings believes that rating action
on Zindrella is consistent with 'Assessing Information Adequacy
Risk'. Based on the last available information, the ratings on bank
facilities of Zindrella continues to be 'CRISIL D Issuer Not
Cooperating'.

Set up in 2011 as a proprietorship concern by Ms Dyna Gickson,
Zindrella retails ready-made garments at its 15 outlets in Kerala.




=====================
N E W   Z E A L A N D
=====================

DATAXCHANGE LIMITED: Appointed as Receivers and Managers
--------------------------------------------------------
Damien Grant and Adam Botterill of Waterstone Insolvency on July
17, 2024, were appointed as receivers and managers of Dataxchange
Limited, Alex Bagley and Kim Sarkin.

The receivers and managers may be reached at:

          Waterstone Insolvency
          16 Piermark Drive
          Rosedale
          Auckland 0632


FIRMSY: Voluntarily Liquidated Owing More Than NZD1.5 Million
-------------------------------------------------------------
Stuff.co.nz reports that a director and chief executive of an
online legal firm which was once touted by Forbes as one of the 60
tech start-ups shaking up technology across the world has had her
company voluntarily liquidated owing more than NZD1.5 million.

Stuff relates that lawyer Claudia King's company Firmsy, which
started as Automio in 2017, was liquidated following a
shareholders' vote.

A first liquidator's report showed the company owed NZD225,095 to
secured creditors, NZD92,734 to preferential creditors and
NZD1,245,779 to unsecured creditors, Stuff discloses.

According to Stuff, Ms. King sold her dad's former business, Dennis
King Law, in 2017 and launched Automio, an online software that
lawyers can use to create automated legal documents after raising
capital from a number of shareholders.

On Firmsy's website, Ms. King described herself as an
entrepreneurial law firm owner, hell-bent on doing things in a
different way, Stuff says.

Billable hours "sucked", she said in a video on the Firmsy site,
and she wanted to build a million dollar law firm in a way that
didn't sacrifice her life and lifestyle.

It said she tried every legal automation software out there - they
were all too complex, and she didn't know how to use them to build
revenue.

So, she built her own - software and growth strategy included. And
years later, she had her million dollar law firm.

"I launched Firmsy in 2017 (as Automio), and since then I've helped
hundreds of entrepreneurial law firm owners just like me build
their dream law firm. My goal is to get to a million - will you be
one of them?"

In 2022 she accompanied former Prime Minister Jacinda Ardern on a
trade mission trip to Australia.

Ms. King has not returned calls about the liquidation, Stuff
notes.

However, the liquidator's report outlined the background which led
to the breakdown of the company.

"Over the last year with the fast changing pace of technology,
further investment on the platform has been required," Stuff quotes
Mr. Scutter as saying.

"Further investment in the platform was to be financed through
further capital issues and equity investment. The issue offers did
not generate the level of investment required of further
development of the platform.

"Due to limited cashflow from trading and the obligations of the
company, a sober assessment of the solvency position of the company
was taken by the director."

Stuff relates that Mr. Scutter's investigation found the company
operated with minimal assets, with most belonging to the landlord
of its premises on Courtenay St.

"As a result of reducing costs of operating, terminating employees
and vacating the premises prior to liquidation, most assets had
been disposed of or have little value," Mr. Scutter said.

He believed the primary asset of the company was the software
platform it operated and its clients.

Mr. Scutter intended to maintain and support the platform for as
long as possible while a purchaser was found, Stuff relays.

"Details of my proposal for realisation of the company assets are
not provided, as it is my opinion including these details will
materially prejudice the realisation process."

After reviewing the company's accounts, Mr. Scutter said he did not
expect to be in a position to distribute anything to the
preferential or unsecured creditors, adds Stuff.


OX DEMOLITION: Creditors' Proofs of Debt Due on Aug. 22
-------------------------------------------------------
Creditors of Ox Demolition Limited are required to file their
proofs of debt by Aug. 22, 2024, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on July 22, 2024.

The company's liquidator is:

          Brenton Hunt
          PO Box 13400
          City East
          Christchurch 8141


S E GOUNDER: Creditors' Proofs of Debt Due on Sept. 6
-----------------------------------------------------
Creditors of S E Gounder Holdings Limited and B & W Construction
Limited are required to file their proofs of debt by Sept. 6, 2024,
to be included in the company's dividend distribution.

S E Gounder Holdings Limited commenced wind-up proceedings on July
17, 2024.
B & W Construction Limited commenced wind-up proceedings on July
23, 2024.

The company's liquidator is:

          Derek Ah Sam
          Rodgers Reidy (NZ) Limited
          PO Box 45220
          Te Atatu
          Auckland 0651


SILVERKARRAT HOLDINGS: First Creditors' Meeting Set for Aug. 2
--------------------------------------------------------------
A first meeting of the creditors in the proceedings of Silverkarrat
Holdings Limited will be held on Aug. 2, 2024 at 11:00 a.m. at the
offices of Blacklock Rose Limited at PO Box 6709, Victoria Street
West in Auckland 1142.

Benjamin Francis and Garry Whimp of Blacklock Rose were appointed
as administrators of the company on July 23, 2024.


WAYBY RESIDENCES: Creditors' Proofs of Debt Due on Aug. 22
----------------------------------------------------------
Creditors of Wayby Residences Limited are required to file their
proofs of debt by Aug. 22, 2024, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on Aug. 22, 2024.

The company's liquidators are:

          Adam Botterill
          Damien Grant
          Waterstone Insolvency
          PO Box 352
          Auckland 1140




=====================
P H I L I P P I N E S
=====================

COOPERATIVE BANK OF BOHOL: MB Closes Bank, Taps PDIC as Receivers
-----------------------------------------------------------------
The Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP)
prohibited Cooperative Bank of Bohol from doing business in the
Philippines through MB Resolution No. 818.B dated July 18, 2024,
which also directed the Philippine Deposit Insurance Corporation
(PDIC), as Receiver, to proceed with the takeover and liquidation
of the bank.

The PDIC took over the bank on July 19, 2024.

Cooperative Bank of Bohol is a four-unit rural bank with Head
Office located at 0126 CPG East Avenue, Brgy. Poblacion I,
Tagbilaran City, and branches in Dauis-Panglao, Inabanga, and
Candijay, all in Bohol. Latest available records show that as of
March 31, 2024, Cooperative Bank of Bohol has 6,290 deposit
accounts with total deposit liabilities of PHP467.2 million, of
which 45.3% or PHP211.4 million are insured deposits.

The PDIC assured depositors that all valid deposits and claims will
be paid up to the maximum deposit insurance coverage of PHP500,000
per depositor.

Individual and registered entities account holders of valid
deposits with balances of PHP500,000.00 and below, who have no
outstanding obligations or have not acted as co-makers of
obligations with Cooperative Bank of Bohol are not required to file
deposit insurance claims. These individual and registered entities
must ensure that they have complete and updated addresses with the
bank. Depositors may update their addresses by submitting a Mailing
Address Update Form (MAUF) until August 2, 2024, either through the
PDIC representatives in the bank premises, or by sending a scanned
copy of said Form and valid ID to email address,
cbbohol-pad@pdic.gov.ph. MAUF will be made available at the bank
premises or may be downloaded from the PDIC website at
www.pdic.gov.ph. Insurance payments for valid deposits with
balances of PHP500,000.00 and below will be made through postal
money order and targeted to be sent via mail starting on August 15,
2024.

For all other depositors, filing of claims for insured deposit is
targeted to start by August 27, 2024.

Borrowers are likewise reminded to continue paying their loan
obligations with the closed Cooperative Bank of Bohol and to
transact only with designated PDIC representatives.

For more information on the requirements and procedures for filing
deposit insurance claims and settlement of loan obligations,
depositors and borrowers of the bank are enjoined to attend the
Depositors-Borrowers' Forum scheduled on August 14, 2024. Details
of the Forum i.e., time and venue, will be announced later.

As provided for by the PDIC Charter, the PDIC shall likewise accept
Letters of Intent from interested banks and non-bank institutions
for possible purchase of assets and assumption of liabilities (P&A)
as a mode of liquidating the Cooperative Bank of Bohol. Letters of
intent should be submitted within 60 days from takeover date
subject to compliance with the requirements prescribed under the
Guidelines in Pre-qualifying Proponents and Evaluating the
Proposals for Purchase of Assets and Assumption of Liabilities Mode
of Liquidating Closed Banks which can be accessed in the PDIC
website.

All clients of the bank may communicate with PDIC through any of
the following modes: Public Assistance Hotline during office hours
at (02) 8841-4141, Toll-Free Hotline at 1-800-1-888-PDIC (7342)
during office hours for those outside Metro Manila, e-mail to
cbbohol-pad@pdic.gov.ph or Facebook private message. For visits to
the PDIC Public Assistance Center, clients are highly encouraged to
request for an appointment which may be secured through telephone,
e-mail or Facebook private message.




=================
S I N G A P O R E
=================

AVEMORE PTE: Court to Hear Wind-Up Petition on July 11
------------------------------------------------------
A petition to wind up the operations of Avemore Pte Ltd will be
heard before the High Court of Singapore on July 11, 2024, at 10:00
a.m.

Zetwerk Manufacturing SG Pte Ltd filed the petition against the
company on July 11, 2024.

The Petitioner's solicitors are:

          Prolegis LLC
          50 Raffles Place
          #24-01, Singapore Land Tower
          Singapore 048623


BAVARIAN MARQUES: Court Enters Wind-Up Order
--------------------------------------------
The High Court of Singapore entered an order on July 12, 2024, to
wind up the operations of Bavarian Marques Pte. Ltd.

Maybank Singapore Limited filed the petition against the company.

The company's liquidator is:

          Gary Loh Weng Fatt
          c/o BDO Advisory  
          600 North Bridge Road
          #23-01 Parkview Square
          Singapore 188778


COMGATEWAY (S): Commences Wind-Up Proceedings
---------------------------------------------
Members of Comgateway (S) Pte. Ltd on July 19, 2024, passed a
resolution to voluntarily wind up the company's operations.

The company's liquidators are:

          Saw Meng Tee
          Ong Shyue Wen
          EA Consulting Pte Ltd
          (a subsidiary of EisnerAmper PAC)
          1 North Bridge Road
          #23-05 High Street Centre
          Singapore 179094


ONETWO HOLDINGS: Court Enters Wind-Up Order
-------------------------------------------
The High Court of Singapore entered an order on July 12, 2024, to
wind up the operations of Onetwo Holdings Pte. Ltd.

The company's liquidator is:

          Gary Loh Weng Fatt
          c/o BDO Advisory  
          600 North Bridge Road
          #23-01 Parkview Square
          Singapore 188778


R S M&E PTE: Commences Wind-Up Proceedings
------------------------------------------
Members of R S M&E Pte. Ltd. on July 19, 2024, passed a resolution
to voluntarily wind up the company's operations.

The company's liquidators are:

          Saw Meng Tee
          Ong Shyue Wen
          EA Consulting Pte Ltd
          (a subsidiary of EisnerAmper PAC)
          1 North Bridge Road
          #23-05 High Street Centre
          Singapore 179094




=====================
S O U T H   K O R E A
=====================

QOO10 GROUP: South Korea to Support Vendors Hit By Payment Delays
-----------------------------------------------------------------
Reuters reports that South Korea will provide $400 million in
financial support to small businesses hit by payment delays on two
Qoo10 e-commerce platforms and the Singapore-based firm's founder
pledged to use his own assets to help compensate customers and
vendors.

According to Reuters, Seoul-based TMON and WeMakePrice have failed
to make payments to merchants using their platforms since early
July, with Qoo10 saying the problem was triggered by a glitch in
its payment system.

Reuters relates that the payment delays have prompted South Korean
financial authorities to launch an investigation, some vendors to
cut ties and long lines of customers at offices of both platforms
last week demanding refunds.

Missed payments by the e-commerce platforms have grown to around
KRW210 billion ($152 million), the government estimates.

South Korean financial authorities said they will provide
low-interest loans for affected small businesses as well as
extensions on repayments of existing loans and on tax payments,
Reuters relays.

"The government will utilise all available resources to minimise
the damage," Vice Finance Minister Kim Beom-seok told reporters.

Ku Young-bae, the South Korean founder and CEO of Qoo10, apologised
on July 29 and said Qoo10 would secure emergency liquidity by
drawing on overseas funds or by disposing of assets and stakes or
using them as collateral, according to Reuters.

"I will sell or use my entire stake in Qoo10, which is most of my
assets, as collateral and use it to resolve this situation," he
said in a statement.

Reuters relates that Qoo10 said it estimated damages to customers
at around KRW50 billion but it was difficult to give a figure for
vendors.

The company has told authorities it aims to secure $50 million to
remedy the situation but no detailed plan has been submitted,
according to South Korea's Financial Services Commission.

Affected vendors told reporters on July 29 more than two months of
revenue are tied up due to South Korean e-commerce firms' practice
of settling payments months afterward, and for small vendors facing
layoffs and even bankruptcy, Qoo10's announced remedy - shouldering
delayed interest payments and reduction of sales fees - were sorely
inadequate.

"We have hundreds of millions of won tied up in this situation,"
Reuters quotes BoYoung Jung, executive at healthcare product firm
ANL, as saying at a press conference of affected stakeholders.

"Why should we shoulder the loans? Why doesn't the government lend
to TMON, and they pay us? . . . As for the remedy, it looks to us
like they're just trying to buy time."

Qoo10 also has operations in Japan, North America, China, Hong
Kong, Malaysia and Indonesia and owns two other South Korean
e-commerce firms.

The company has not responded to Reuters requests for comment about
the health of its other operations.

Qoo10 retails e-commerce products. The Company offers personal
care, sports apparel, consumer electronics, home furnishing, food,
toys, and other consumer products. Qoo10 serves customers
worldwide. Qoo10 owns South Korean e-commerce firms TMON and
WeMakePrice.


TERRAFORM LABS: Asks Court to Have Chapter 11 Wind-Down Head Start
------------------------------------------------------------------
Emlyn Cameron of Law360 Bankruptcy Authority reports that bankrupt
cryptocurrency firm Terraform Labs has asked a Delaware bankruptcy
judge to give it a head start on winding down pursuant to a $4.5
billion settlement with the U.S. Securities and Exchange
Commission, including converting bitcoin holdings to fiat currency,
saying that doing so will mitigate administrative costs.
  
                       About Terraform Labs

Terraform Labs Pte. Ltd. -- https://www.terra.money -- is a startup
that created Terra, a blockchain protocol and payment platform used
for algorithmic stablecoins. It was co-founded by Do Kwon and
Daniel Shin in 2018 in Seoul, South Korea.

Terraform Labs introduced its first cryptocurrency token, TerraUSD,
in 2019. Investment firms like Arrington Capital, Coinbase
Ventures, Galaxy Digital, and Lightspeed Venture Partners helped
Terraform Labs raise more than $200 million.

The collapse of the stablecoins TerraUSD (UST) and Luna in May 2022
caused the temporary suspension of the Terra network, wiping out
over $45 billion in market capitalization in a single week.

Both of Terra Form Labs' founders have encountered legal problems
as a result of the devaluation of the company's currency. In
September 2022, South Korean prosecutors filed a warrant for Do
Kwon's arrest. He was also added to Interpol's Red Notice list,
which urges other law enforcement to find and detain him.

Terraform Labs Pte. Ltd. sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Case No. 24-10070) on Jan. 22,
2024. In the petition filed by Chris Amani, as chief executive
officer, the Debtor estimated assets and liabilities between $100
million and $500 million each.

The Debtor is represented by:

     Zachary I Shapiro, Esq.
     Richards, Layton & Finger, P.A.
     1 Wallich Street
     #37-01
     Guoco Tower 078881


TERRAFORM LABS: Initiates Strategic Assets Sale Amid Chapter 11
---------------------------------------------------------------
Kelvin Munene of The Crypto Times reports that Terraform Labs Pte.
Ltd. (TFL), a blockchain technology firm, has initiated a strategic
sale of its assets, including its subsidiary, Proximity Panorama,
LDA. This decision is consistent with TFL's current Chapter 11
lawsuit and is part of a larger attempt to wind down operations in
compliance with its settlement with the United States Securities
and Exchange Commission.

                       About Terraform Labs

Terraform Labs Pte. Ltd. -- https://www.terra.money -- is a startup
that created Terra, a blockchain protocol and payment platform used
for algorithmic stablecoins. It was co-founded by Do Kwon and
Daniel Shin in 2018 in Seoul, South Korea.

Terraform Labs introduced its first cryptocurrency token, TerraUSD,
in 2019. Investment firms like Arrington Capital, Coinbase
Ventures, Galaxy Digital, and Lightspeed Venture Partners helped
Terraform Labs raise more than $200 million.

The collapse of the stablecoins TerraUSD (UST) and Luna in May 2022
caused the temporary suspension of the Terra network, wiping out
over $45 billion in market capitalization in a single week.

Both of Terra Form Labs' founders have encountered legal problems
as a result of the devaluation of the company's currency. In
September 2022, South Korean prosecutors filed a warrant for Do
Kwon's arrest. He was also added to Interpol's Red Notice list,
which urges other law enforcement to find and detain him.

Terraform Labs Pte. Ltd. sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Case No. 24-10070) on Jan. 22,
2024. In the petition filed by Chris Amani, as chief executive
officer, the Debtor estimated assets and liabilities between $100
million and $500 million each.

The Debtor is represented by Zachary I Shapiro, Esq., at Richards,
Layton & Finger, P.A.

On February 29, 2024, the U.S. Trustee for Region 3 appointed an
official committee to represent unsecured creditors in the Chapter
11 case of Terraform Labs Pte. Ltd. The committee hires McDermott
Will & Emery LLP as counsel. Force Ten Partners, LLC as financial
advisor. Genesis Credit Partners LLC as financial advisor.

David M. Klauder was appointed as the fee examiner in this Chapter
11 case. The fee examiner tapped Bielli & Klauder, LLC as his legal
counsel.




===============
X X X X X X X X
===============

[*] BOND PRICING: For the Week July 22, 2024 to July 26, 2024
-------------------------------------------------------------
Issuer                 Coupon     Maturity      Currency     Price
------                 ------     --------      --------     -----

   AUSTRALIA
   ---------

MOSAIC BRANDS LTD       8.00       09/30/24       AUD         0.70
VIRGIN AUSTRALIA HOL    8.08       03/05/24       AUD         0.50
VIRGIN AUSTRALIA HOL    7.88       10/15/21       USD         0.47
VIRGIN AUSTRALIA HOL    7.88       10/15/21       USD         0.47
VIRGIN AUSTRALIA HOL    8.13       11/15/24       USD         0.17
VIRGIN AUSTRALIA HOL    8.13       11/15/24       USD         0.17
VIRGIN AUSTRALIA HOL    8.00       11/26/24       AUD         0.16
VIRGIN AUSTRALIA HOL    8.25       05/30/23       AUD         0.12


   CHINA
   -----

ALETAI CITY JUJIN UR    7.73       10/26/24       CNY        25.32
ANHUI PINGTIANHU INV    7.50       08/13/26       CNY        62.63
ANHUI PINGTIANHU INV    7.50       08/13/26       CNY        60.00
ANLU CONSTRUCTION DE    7.80       11/28/26       CNY        64.48
ANLU CONSTRUCTION DE    7.80       11/28/26       CNY        60.00
ANNING DEVELOPMENT I    8.80       09/11/25       CNY        41.50
ANNING DEVELOPMENT I    8.80       09/11/25       CNY        38.04
ANNING DEVELOPMENT I    8.00       12/04/25       CNY        21.45
ANNING DEVELOPMENT I    8.00       12/04/25       CNY        21.41
ANSHANG WANGTONG CON    7.50       05/06/26       CNY        42.50
ANSHANG WANGTONG CON    7.50       05/06/26       CNY        41.80
ANSHUN CITY XIXIU IN    8.00       01/29/26       CNY        42.11
ANSHUN CITY XIXIU IN    7.90       11/15/25       CNY        41.64
ANSHUN CITY XIXIU IN    8.00       01/29/26       CNY        41.38
ANSHUN CITY XIXIU IN    7.90       11/15/25       CNY        37.63
ANSHUN TRANSPORTATIO    7.50       10/31/24       CNY        20.22
ANSHUN TRANSPORTATIO    7.50       10/31/24       CNY        19.96
ANYUE XINGAN CITY DE    7.50       05/06/26       CNY        42.22
ANYUE XINGAN CITY DE    7.50       01/30/25       CNY        20.50
ANYUE XINGAN CITY DE    7.50       01/30/25       CNY        20.50
BIJIE CITY ANFANG CO    7.80       01/18/26       CNY        41.89
BIJIE CITY ANFANG CO    7.80       01/18/26       CNY        41.45
BIJIE QIXINGGUAN DIS    8.05       08/16/25       CNY        41.16
BIJIE QIXINGGUAN DIS    8.05       08/16/25       CNY        37.76
BIJIE QIXINGGUAN DIS    7.60       09/08/24       CNY        20.11
BIJIE QIXINGGUAN DIS    7.60       09/08/24       CNY        18.38
BIJIE TIANHE URBAN C    8.05       12/03/25       CNY        41.80
BIJIE TIANHE URBAN C    8.05       12/03/25       CNY        41.58
BIJIE XINTAI INVESTM    7.80       11/01/24       CNY        20.28
CAOXIAN SHANG DU INV    7.80       10/28/26       CNY        63.75
CAOXIAN SHANG DU INV    7.80       10/28/26       CNY        63.63
CHANGDE DEYUAN INVES    7.70       06/11/25       CNY        20.95
CHANGDE DEYUAN INVES    7.70       06/11/25       CNY        20.94
CHANGDE DINGCHENG JI    7.58       10/19/25       CNY        41.42
CHANGDE DINGCHENG JI    7.58       10/19/25       CNY        41.38
CHENGDU GARDEN WATER    8.00       06/13/25       CNY        20.78
CHENGDU GARDEN WATER    7.50       09/11/24       CNY        20.13
CHENGDU GARDEN WATER    7.50       09/11/24       CNY        20.12
CHENGDU GARDEN WATER    8.00       06/13/25       CNY        20.00
CHISHUI CITY CONSTRU    8.50       01/18/26       CNY        41.78
CHISHUI CITY CONSTRU    8.50       01/18/26       CNY        41.75
CHONGQING HONGYE IND    7.50       12/24/26       CNY        64.16
CHONGQING JIANGLAI I    7.50       10/26/25       CNY        41.48
CHONGQING JIANGLAI I    7.50       10/26/25       CNY        40.00
CHONGQING NANCHUAN C    7.80       08/06/26       CNY        62.84
CHONGQING SHUANGFU C    7.50       09/09/26       CNY        63.04
CHONGQING THREE GORG    7.80       03/01/26       CNY        42.35
CHONGQING THREE GORG    7.80       03/01/26       CNY        40.00
CHONGQING TONGRUI AG    7.50       09/18/26       CNY        63.35
CHONGQING TONGRUI AG    7.50       09/18/26       CNY        60.00
CHONGQING WANSHENG E    7.50       03/27/25       CNY        20.73
CHONGQING WANSHENG E    7.50       03/27/25       CNY        20.65
CHONGQING YUDIAN STA    8.00       11/30/25       CNY        41.81
CHUYING AGRO-PASTORA    8.80       06/26/19       CNY        19.40
DALI URBAN DEVELOPME    8.00       12/25/25       CNY        41.98
DALI URBAN DEVELOPME    8.00       12/25/25       CNY        41.87
DASHIQIAO URBAN CONS    7.59       08/14/24       CNY        20.05
DASHIQIAO URBAN CONS    7.59       08/14/24       CNY        20.04
DAWA COUNTY CITY CON    7.80       01/30/26       CNY        42.06
DAWA COUNTY CITY CON    7.80       01/30/26       CNY        38.80
DAWU COUNTY URBAN CO    7.50       09/20/26       CNY        63.39
DAWU COUNTY URBAN CO    7.50       09/20/26       CNY        60.00
DING NAN CITY CONSTR    7.80       04/08/26       CNY        42.50
DING NAN CITY CONSTR    7.80       04/08/26       CNY        40.00
DUJIANGYAN NEW CITY     7.80       10/11/25       CNY        41.44
DUJIANGYAN NEW CITY     7.80       10/11/25       CNY        41.43
DUJIANGYAN NEW CITY     7.80       05/02/25       CNY        20.79
DUJIANGYAN NEW CITY     7.80       05/02/25       CNY        20.00
DUJIANGYAN XINGYAN I    7.50       11/01/26       CNY        64.00
DUJIANGYAN XINGYAN I    7.50       11/01/26       CNY        63.74
FANGCHENG GANGSHI WE    7.93       12/25/25       CNY        41.89
FANGCHENG GANGSHI WE    7.95       10/11/25       CNY        41.55
FANGCHENG GANGSHI WE    7.93       12/25/25       CNY        40.00
FANGCHENG GANGSHI WE    7.95       10/11/25       CNY        40.00
FANTASIA GROUP CHINA    7.50       06/30/28       CNY        73.70
FANTASIA GROUP CHINA    7.80       06/30/28       CNY        44.53
FUJIAN FUSHENG GROUP    7.90       12/17/21       CNY        70.99
FUJIAN FUSHENG GROUP    7.90       11/19/21       CNY        60.00
FUZHOU LINCHUAN URBA    8.00       02/26/26       CNY        42.46
GANZHOU NANKANG DIST    8.00       01/23/26       CNY        42.13
GANZHOU NANKANG DIST    8.00       10/29/25       CNY        41.62
GANZHOU NANKANG DIST    8.00       09/27/25       CNY        41.38
GANZHOU NANKANG DIST    8.00       01/23/26       CNY        40.00
GANZHOU NANKANG DIST    8.00       10/29/25       CNY        40.00
GANZHOU NANKANG DIST    8.00       09/27/25       CNY        40.00
GANZHOU ZHANGGONG CO    7.80       10/16/25       CNY        42.68
GANZHOU ZHANGGONG CO    7.80       10/16/25       CNY        41.46
GAOQING LU QING ASSE    7.50       09/27/24       CNY        20.17
GAOQING LU QING ASSE    7.50       09/27/24       CNY        20.17
GOME APPLIANCE CO LT    7.80       12/21/24       CNY        37.00
GUANGAN XINHONG INVE    7.50       06/03/26       CNY        43.09
GUANGAN XINHONG INVE    7.50       06/03/26       CNY        42.64
GUANGDONG PEARL RIVE    7.50       10/26/26       CNY        21.23
GUANGXI BAISE EXPERI    7.59       01/08/26       CNY        41.86
GUANGXI BAISE EXPERI    7.60       12/24/25       CNY        41.62
GUANGXI BAISE EXPERI    7.60       12/24/25       CNY        40.00
GUANGXI BAISE EXPERI    7.59       01/08/26       CNY        39.39
GUANGXI CHONGZUO URB    8.50       09/26/25       CNY        41.57
GUANGXI CHONGZUO URB    8.50       09/26/25       CNY        41.53
GUANGXI NINGMING HUI    8.50       11/05/26       CNY        64.38
GUANGXI NINGMING HUI    8.50       11/05/26       CNY        63.29
GUANGXI NINGMING HUI    8.50       12/07/25       CNY        41.78
GUANGXI TIANDONG COU    7.50       06/04/27       CNY        40.00
GUANGYUAN CITY DEVEL    7.50       10/25/27       CNY        37.51
GUANGYUAN YUANQU CON    7.50       12/23/26       CNY        63.99
GUANGYUAN YUANQU CON    7.50       10/30/26       CNY        62.55
GUANGYUAN YUANQU CON    7.50       12/23/26       CNY        60.00
GUANGYUAN YUANQU CON    7.50       10/30/26       CNY        60.00
GUANGZHOU FINELAND R   13.60       07/27/23       USD         0.47
GUCHENG CONSTRUCTION    7.88       04/27/25       CNY        20.73
GUCHENG CONSTRUCTION    7.88       04/27/25       CNY        20.00
GUIXI STATE OWNED HO    7.50       09/17/26       CNY        63.42
GUIXI STATE OWNED HO    7.50       09/17/26       CNY        63.27
GUIYANG BAIYUN INDUS    7.50       03/06/26       CNY        42.13
GUIYANG BAIYUN INDUS    8.30       03/21/25       CNY        20.75
GUIYANG BAIYUN INDUS    8.30       03/21/25       CNY        20.00
GUIYANG ECONOMIC DEV    7.50       04/30/26       CNY        42.16
GUIYANG ECONOMIC DEV    7.50       04/30/26       CNY        41.70
GUIYANG ECONOMIC DEV    7.90       10/29/25       CNY        41.40
GUIYANG ECONOMIC DEV    7.90       10/29/25       CNY        41.39
GUIYANG ECONOMIC TEC    7.80       04/30/26       CNY        42.58
GUIYANG ECONOMIC TEC    7.80       04/30/26       CNY        42.47
GUIYANG HI-TECH HOLD    8.00       11/25/26       CNY        62.44
GUIYANG HI-TECH HOLD    8.00       11/25/26       CNY        60.27
GUIZHOU CHANGSHUN CO    8.50       03/19/26       CNY        42.70
GUIZHOU CHANGSHUN CO    8.50       03/19/26       CNY        40.00
GUIZHOU EAST LAKE CI    8.00       12/07/25       CNY        41.79
GUIZHOU EAST LAKE CI    8.00       12/07/25       CNY        41.12
GUIZHOU GUIAN DEVELO    7.50       01/14/25       CNY        15.19
GUIZHOU GUIAN DEVELO    7.60       04/26/25       CNY         6.03
GUIZHOU HONGGUO ECON    7.80       02/08/25       CNY        20.58
GUIZHOU HONGGUO ECON    7.80       11/24/24       CNY        20.35
GUIZHOU HONGGUO ECON    7.80       11/24/24       CNY        10.50
GUIZHOU JINFENGHUANG    7.60       08/19/26       CNY        63.10
GUIZHOU JINFENGHUANG    7.60       08/19/26       CNY        62.65
GUIZHOU SHUANGLONG A    7.50       04/20/30       CNY        60.00
GUIZHOU SHUICHENG EC    7.50       10/26/25       CNY        41.43
GUIZHOU SHUICHENG EC    7.50       10/26/25       CNY        19.50
GUIZHOU SHUICHENG WA    8.00       11/27/25       CNY        41.39
GUIZHOU SHUICHENG WA    8.00       11/27/25       CNY        41.38
GUIZHOU XINDONGGUAN     7.70       09/05/24       CNY        20.09
GUIZHOU ZHONGSHAN DE    8.00       03/18/29       CNY        70.00
HAIAN URBAN DEMOLITI    8.00       12/21/25       CNY        41.74
HAIAN URBAN DEMOLITI    7.74       05/02/25       CNY        20.79
HENGYANG CITY AND UR    7.80       12/14/24       CNY        20.41
HENGYANG CITY AND UR    7.80       12/14/24       CNY        20.41
HENGYANG CITY AND UR    7.50       09/22/24       CNY        20.16
HENGYANG CITY AND UR    7.50       09/22/24       CNY        20.15
HONGAN URBAN DEVELOP    7.50       12/04/24       CNY        20.33
HONGAN URBAN DEVELOP    7.50       12/04/24       CNY        20.00
HUAINAN SHAN NAN DEV    7.94       04/01/26       CNY        42.67
HUAINAN SHAN NAN DEV    7.94       04/01/26       CNY        40.00
HUAINAN URBAN CONSTR    7.58       02/12/26       CNY        42.10
HUAINAN URBAN CONSTR    7.50       03/20/25       CNY        20.66
HUAINAN URBAN CONSTR    7.50       03/20/25       CNY        20.00
HUBEI DAYE LAKE HIGH    7.50       04/01/26       CNY        42.28
HUBEI DAYE LAKE HIGH    7.50       04/01/26       CNY        40.50
HUBEI JIAKANG CONSTR    7.80       12/19/25       CNY        41.45
HUBEI YILING ECONOMI    7.50       03/28/26       CNY        42.29
HUBEI YILING ECONOMI    7.50       03/28/26       CNY        40.00
HUNAN CHUZHISHENG HO    7.50       03/27/26       CNY        42.31
HUNAN CHUZHISHENG HO    7.50       03/27/26       CNY        40.00
HUNAN MEISHAN RESOUR    8.00       03/21/26       CNY        42.52
HUNAN MEISHAN RESOUR    8.00       03/21/26       CNY        40.00
HUNAN TIANYI RONGTON    8.00       10/24/25       CNY        41.64
HUNAN TIANYI RONGTON    8.00       10/24/25       CNY        41.63
HUNAN TIANYI RONGTON    7.50       09/17/25       CNY        41.30
HUNAN XUANDA CONSTRU    7.50       01/23/26       CNY        41.94
HUNAN XUANDA CONSTRU    7.50       01/24/26       CNY        41.91
HUNAN XUANDA CONSTRU    7.50       01/24/26       CNY        40.00
HUNAN XUANDA CONSTRU    7.50       01/23/26       CNY        40.00
HUZHOU NEW CITY INVE    7.50       11/23/24       CNY        20.27
HUZHOU NEW CITY INVE    7.50       11/23/24       CNY        20.00
HUZHOU WUXING NANTAI    7.90       09/20/25       CNY        41.48
JIA COUNTY DEVELOPME    7.50       01/21/27       CNY        64.14
JIA COUNTY DEVELOPME    7.50       01/21/27       CNY        58.00
JIAHE ZHUDU DEVELOPM    7.50       03/13/25       CNY        20.64
JIAHE ZHUDU DEVELOPM    7.50       03/13/25       CNY        20.00
JIANGSU YANGKOU PORT    7.60       08/17/25       CNY        42.50
JIANGSU YANGKOU PORT    7.60       08/17/25       CNY        41.04
JIANGSU ZHONGNAN CON    7.80       03/17/29       CNY        44.19
JIANGXI HUANGGANGSHA    7.90       01/25/26       CNY        42.13
JIANGXI HUANGGANGSHA    7.90       10/08/25       CNY        41.50
JIANGXI HUANGGANGSHA    7.90       10/08/25       CNY        41.22
JIANGXI JIHU DEVELOP    7.50       04/10/25       CNY        20.69
JIANGXI JIHU DEVELOP    7.50       04/10/25       CNY        20.00
JIANGXI TONGGU CITY     7.50       04/21/27       CNY        64.25
JIANGYOU XINGYI PARK    7.50       05/07/26       CNY        52.72
JIANGYOU XINGYI PARK    7.80       12/17/25       CNY        51.94
JIANLI FENGYUAN CITY    7.50       01/14/26       CNY        41.90
JIANLI FENGYUAN CITY    7.50       01/14/26       CNY        40.00
JILIN ECONOMY TECHNO    8.00       03/26/28       CNY        64.21
JILIN ECONOMY TECHNO    8.00       03/26/28       CNY        59.21
JINING NEW CITY DEVE    7.60       03/23/25       CNY        20.60
JINING NEW CITY DEVE    7.60       03/23/25       CNY        20.00
JINXIANG COUNTY CITY    7.50       03/20/26       CNY        42.28
JINXIANG COUNTY CITY    7.50       03/20/26       CNY        40.92
JINZHOU CIHANG GROUP    9.00       04/05/20       CNY        33.63
JUNAN COUNTY URBAN C    7.50       09/26/24       CNY        20.16
JUNAN COUNTY URBAN C    7.50       09/26/24       CNY        20.12
KAILI GUIZHOU TOWN C    7.98       03/30/27       CNY        65.37
KAILI GUIZHOU TOWN C    7.98       03/30/27       CNY        65.35
KUNMING AIRPORT INVE    7.50       01/28/26       CNY        41.50
LAOTING INVESTMENT G    7.50       04/11/26       CNY        42.51
LAOTING INVESTMENT G    7.50       04/11/26       CNY        39.80
LIJIN CITY CONSTRUCT    7.50       04/26/26       CNY        42.48
LIJIN CITY CONSTRUCT    7.50       12/20/25       CNY        41.78
LIJIN CITY CONSTRUCT    7.50       04/26/26       CNY        40.00
LIJIN CITY CONSTRUCT    7.50       12/20/25       CNY        40.00
LINFEN YAODU DISTRIC    7.50       09/19/25       CNY        41.27
LINYI COUNTY CITY DE    7.78       03/21/25       CNY        20.70
LINYI COUNTY CITY DE    7.78       03/21/25       CNY        20.00
LINYI ZHENDONG CONST    7.50       12/06/25       CNY        41.58
LINYI ZHENDONG CONST    7.50       11/26/25       CNY        41.52
LINYI ZHENDONG CONST    7.50       12/06/25       CNY        41.45
LINYI ZHENDONG CONST    7.50       11/26/25       CNY        41.40
LIUPANSHUI AGRICULTU    8.00       04/26/27       CNY        60.60
LIUPANSHUI AGRICULTU    8.00       04/26/27       CNY        60.58
LONGNAN ECO&TECH DEV    7.50       07/26/26       CNY        62.83
LUANCHUAN COUNTY TIA    8.50       01/23/26       CNY        42.23
LUANCHUAN COUNTY TIA    8.50       01/23/26       CNY        40.00
LUOHE ECONOMIC DEVEL    7.50       12/18/25       CNY        41.69
LUOHE ECONOMIC DEVEL    7.50       12/18/25       CNY        41.68
LUOYANG XIYUAN STATE    7.80       01/29/26       CNY        41.60
LUOYANG XIYUAN STATE    7.80       01/29/26       CNY        41.30
LUOYANG XIYUAN STATE    7.50       11/15/25       CNY        41.15
LUOYANG XIYUAN STATE    7.50       11/15/25       CNY        41.00
MAANSHAN NINGBO INVE    7.50       04/18/26       CNY        42.33
MAANSHAN NINGBO INVE    7.80       11/29/25       CNY        41.71
MAANSHAN NINGBO INVE    7.80       11/29/25       CNY        41.71
MAANSHAN NINGBO INVE    7.50       04/18/26       CNY        16.00
MEISHAN CITY DONGPO     8.00       01/03/26       CNY        42.07
MEISHAN CITY DONGPO     8.08       08/16/25       CNY        41.19
MEISHAN CITY DONGPO     8.00       01/03/26       CNY        40.00
MEISHAN CITY DONGPO     8.08       08/16/25       CNY        40.00
MEISHAN HONGSHUN PAR    7.50       12/10/25       CNY        52.09
MENGZHOU INVESTMENT     8.00       11/06/25       CNY        41.62
MENGZHOU INVESTMENT     8.00       09/03/25       CNY        41.25
MENGZHOU INVESTMENT     8.00       11/06/25       CNY        40.00
MENGZHOU INVESTMENT     8.00       09/03/25       CNY        40.00
MENGZI CITY DEVELOPM    8.00       03/25/26       CNY        42.43
MENGZI CITY DEVELOPM    8.00       03/25/26       CNY        42.06
MENGZI CITY DEVELOPM    7.65       09/25/24       CNY        20.17
MENGZI CITY DEVELOPM    7.65       09/25/24       CNY        20.15
MIAN YANG ECONOMIC D    8.00       09/29/26       CNY        63.68
MIAN YANG ECONOMIC D    8.00       09/29/26       CNY        60.00
MIAN YANG ECONOMIC D    8.20       03/15/26       CNY        42.57
MIAN YANG ECONOMIC D    8.20       03/15/26       CNY        40.00
MIANYANG ANZHOU INVE    7.90       11/25/26       CNY        64.18
MIANYANG ANZHOU INVE    7.90       11/25/26       CNY        60.00
MIANYANG ANZHOU INVE    8.10       11/22/25       CNY        41.78
MIANYANG ANZHOU INVE    8.10       11/22/25       CNY        40.00
MIANYANG ANZHOU INVE    8.10       05/04/25       CNY        21.00
MIANYANG ANZHOU INVE    8.10       05/04/25       CNY        20.86
MIANYANG HUIDONG INV    8.10       04/28/25       CNY        20.84
MIANYANG HUIDONG INV    8.10       02/10/25       CNY        20.61
MIANZHU CITY JINSHEN    7.87       12/18/25       CNY        41.83
MIANZHU CITY JINSHEN    7.87       12/18/25       CNY        41.53
MILE AGRICULTURAL IN    7.60       02/27/26       CNY        42.11
MILE AGRICULTURAL IN    8.00       10/25/25       CNY        41.56
MILE AGRICULTURAL IN    7.60       02/27/26       CNY        41.00
MUDANJIANG LONGSHENG    7.50       09/27/25       CNY        41.28
NANCHONG JIALING DEV    7.98       05/23/25       CNY        20.91
NANCHONG JIALING DEV    7.80       12/12/24       CNY        20.41
NANCHONG JIALING DEV    7.80       12/12/24       CNY        20.40
NANCHONG JIALING DEV    7.98       05/23/25       CNY        20.00
NEOGLORY HOLDING GRO    8.10       11/23/18       CNY        72.00
NEOGLORY HOLDING GRO    8.00       09/25/20       CNY        60.00
NEOGLORY HOLDING GRO    8.00       10/22/20       CNY        56.00
NINGXIA SHENG YAN IN    7.50       09/27/28       CNY        42.45
PANJIN CITY SHUANGTA    8.50       01/29/26       CNY        42.30
PANJIN CITY SHUANGTA    8.50       01/29/26       CNY        42.29
PANJIN CITY SHUANGTA    8.70       12/20/25       CNY        42.14
PANJIN CITY SHUANGTA    8.70       12/20/25       CNY        42.13
PANJIN LIAODONGWAN Z    7.50       12/28/26       CNY        64.13
PEIXIAN ECONOMIC DEV    7.51       11/04/26       CNY        64.09
PEIXIAN ECONOMIC DEV    7.51       11/04/26       CNY        60.00
PENGSHAN DEVELOPMENT    7.98       05/03/25       CNY        21.59
PENGSHAN DEVELOPMENT    7.98       05/03/25       CNY        20.85
PENGZE CITY DEVELOPM    7.60       08/31/25       CNY        41.30
PENGZE CITY DEVELOPM    7.60       08/31/25       CNY        41.16
PINGLIANG CHENGXIANG    7.80       03/29/26       CNY        42.38
PINGLIANG CHENGXIANG    7.80       03/29/26       CNY        41.48
PUDING YELANG STATE-    8.00       03/13/25       CNY        20.70
PUDING YELANG STATE-    8.00       03/13/25       CNY        20.70
PUDING YELANG STATE-    7.79       11/13/24       CNY        20.26
PUDING YELANG STATE-    7.79       11/13/24       CNY        20.14
PUER CITY SI MAO GUO    7.50       03/14/26       CNY        42.16
PUER CITY SI MAO GUO    7.50       03/14/26       CNY        40.00
QIANDONGNAN TRANSPOR    8.00       01/15/27       CNY        64.67
QIANDONGNAN TRANSPOR    8.00       01/15/27       CNY        64.66
QIANNANZHOU INVESTME    8.00       01/02/26       CNY        41.97
QIANNANZHOU INVESTME    8.00       01/02/26       CNY        41.25
QIANXINAN AUTONOMOUS    8.00       06/22/27       CNY        65.14
QIANXINAN AUTONOMOUS    8.00       06/22/27       CNY        63.96
QIANXINAN PREFECTURE    7.99       06/10/27       CNY        65.93
QIANXINAN PREFECTURE    7.99       06/10/27       CNY        60.00
QINGHAI PROVINCIAL I    7.88       03/22/21       USD         1.18
QINGZHEN CITY CONSTR    7.50       03/18/26       CNY        42.23
QINGZHEN CITY CONSTR    7.50       03/18/26       CNY        42.22
QINGZHOU HONGYUAN PU    7.60       06/17/27       CNY        49.23
QINGZHOU HONGYUAN PU    7.60       06/17/27       CNY        47.55
QINZHOU BINHAI NEW C    7.70       08/15/26       CNY        63.25
QINZHOU BINHAI NEW C    7.70       08/15/26       CNY        63.24
QUJING CITY QILIN DI    8.50       01/21/26       CNY        42.27
QUJING CITY QILIN DI    8.50       01/21/26       CNY        40.00
RENHUAI WATER INVEST    8.00       12/26/25       CNY        40.40
RENHUAI WATER INVEST    7.98       07/26/25       CNY        21.06
RENHUAI WATER INVEST    7.98       02/24/25       CNY        20.58
RUCHENG SHUNXING INV    7.50       01/07/26       CNY        41.88
RUCHENG SHUNXING INV    7.50       01/07/26       CNY        40.00
RUDONG NEW WORLD INV    7.50       12/06/26       CNY        64.09
RUDONG NEW WORLD INV    7.50       12/06/26       CNY        60.00
RUILI RENLONG INVEST    8.00       09/20/26       CNY        63.20
RUILI RENLONG INVEST    8.00       09/20/26       CNY        62.78
SHAANXI XIYUE HUASHA    7.50       12/27/26       CNY        63.96
SHAANXI XIYUE HUASHA    7.50       12/27/26       CNY        61.80
SHANDONG HONGHE HOLD    7.50       01/29/26       CNY        41.96
SHANDONG OCEAN CULTU    7.50       04/25/26       CNY        42.46
SHANDONG OCEAN CULTU    7.50       03/28/26       CNY        42.20
SHANDONG RENCHENG RO    7.50       01/23/26       CNY        41.75
SHANDONG RUYI TECHNO    7.90       09/18/23       CNY        52.10
SHANDONG SANXING GRO    7.90       08/30/24       CNY        58.00
SHANDONG URBAN CAPIT    7.50       04/12/26       CNY        41.95
SHANDONG URBAN CAPIT    7.50       04/12/26       CNY        40.00
SHANGLI INVESTMENT C    7.80       01/22/26       CNY        42.03
SHANGLI INVESTMENT C    7.80       01/22/26       CNY        40.49
SHANGLI INVESTMENT C    7.50       06/01/25       CNY        20.86
SHANGLI INVESTMENT C    7.50       06/01/25       CNY        20.76
SHANGRAO GUANGXIN UR    7.95       07/24/25       CNY        21.03
SHANGRAO GUANGXIN UR    7.95       07/24/25       CNY        21.03
SHANXI JINZHONG STAT    7.50       05/05/26       CNY        42.48
SHAOYANG SAISHUANGQI    8.00       11/28/25       CNY        41.79
SHAOYANG SAISHUANGQI    8.00       11/28/25       CNY        40.00
SHEHONG STATE OWNED     7.60       10/25/25       CNY        41.50
SHEHONG STATE OWNED     7.50       08/22/25       CNY        41.12
SHEHONG STATE OWNED     7.60       10/25/25       CNY        40.00
SHEHONG STATE OWNED     7.60       10/22/25       CNY        40.00
SHEHONG STATE OWNED     7.50       08/22/25       CNY        40.00
SHEHONG STATE OWNED     7.60       10/22/25       CNY        21.25
SHENWU ENVIRONMENTAL    9.00       03/14/19       CNY        12.00
SHEYANG URBAN CONSTR    7.80       11/27/24       CNY        20.32
SHEYANG URBAN CONSTR    7.80       11/27/24       CNY        20.30
SHIFANG CITY NATIONA    8.00       12/05/25       CNY        41.62
SHIFANG CITY NATIONA    8.00       12/05/25       CNY        40.00
SHIYAN CITY CHENGTOU    7.80       02/13/26       CNY        45.65
SHUANGYASHAN DADI CI    8.50       12/16/26       CNY        64.80
SHUANGYASHAN DADI CI    8.50       12/16/26       CNY        64.78
SHUANGYASHAN DADI CI    8.50       08/26/26       CNY        63.76
SHUANGYASHAN DADI CI    8.50       08/26/26       CNY        63.75
SHUANGYASHAN DADI CI    8.50       04/30/26       CNY        42.92
SHUANGYASHAN DADI CI    8.50       04/30/26       CNY        42.91
SHUOZHOU INVESTMENT     7.80       12/25/25       CNY        42.14
SHUOZHOU INVESTMENT     7.80       12/25/25       CNY        41.85
SHUOZHOU INVESTMENT     7.50       10/23/25       CNY        41.73
SHUOZHOU INVESTMENT     7.50       10/23/25       CNY        41.60
SICHUAN CHENG'A DEVE    7.50       11/29/24       CNY        20.33
SICHUAN CHENG'A DEVE    7.50       11/06/24       CNY        20.23
SICHUAN CHENG'A DEVE    7.50       11/29/24       CNY        20.00
SICHUAN CHENG'A DEVE    7.50       11/06/24       CNY        20.00
SICHUAN COAL INDUSTR    7.70       01/09/18       CNY        45.00
SICHUAN LANGUANG DEV    7.50       07/23/22       CNY        42.00
SICHUAN LANGUANG DEV    7.50       08/12/21       CNY        12.63
SICHUAN LANGUANG DEV    7.50       07/11/21       CNY        12.63
SIYANG JIADING INDUS    7.50       12/14/25       CNY        41.86
SIYANG JIADING INDUS    7.50       12/14/25       CNY        41.75
SIYANG JIADING INDUS    7.50       04/27/25       CNY        20.75
SIYANG JIADING INDUS    7.50       04/27/25       CNY        20.75
TAHOE GROUP CO LTD      7.50       08/15/20       CNY        27.00
TAHOE GROUP CO LTD      7.50       09/19/21       CNY         6.00
TAHOE GROUP CO LTD      7.50       10/10/20       CNY         4.71
TAHOE GROUP CO LTD      8.50       08/02/21       CNY         1.00
TAIXING CITY CHENGXI    7.60       04/24/26       CNY        42.54
TAIXING CITY CHENGXI    7.60       04/04/26       CNY        42.39
TAIXING CITY CHENGXI    7.80       03/05/26       CNY        42.34
TAIXING CITY CHENGXI    7.60       04/24/26       CNY        40.00
TAIXING CITY CHENGXI    7.60       04/04/26       CNY        40.00
TAIXING CITY CHENGXI    7.80       03/05/26       CNY        40.00
TAIXING XINGHUANG IN    8.50       11/15/25       CNY        41.48
TAIXING XINGHUANG IN    8.50       11/15/25       CNY        39.59
TAIZHOU FENGCHENGHE     7.90       12/29/24       CNY        20.49
TAIZHOU FENGCHENGHE     7.90       12/29/24       CNY        20.00
TAIZHOU HUACHENG MED    8.50       12/26/25       CNY        42.22
TAIZHOU HUACHENG MED    8.50       12/26/25       CNY        40.00
TANCHENG COUNTY CITY    7.50       04/09/26       CNY        42.30
TANCHENG COUNTY CITY    7.50       04/09/26       CNY        40.00
TANGSHAN HOLDING DEV    7.60       05/16/25       CNY        20.89
TANGSHAN HOLDING DEV    7.60       05/16/25       CNY        20.76
TAOYUAN COUNTY CONST    8.00       10/17/26       CNY        63.94
TAOYUAN COUNTY CONST    7.50       09/11/26       CNY        63.02
TAOYUAN COUNTY CONST    8.00       10/17/26       CNY        60.00
TAOYUAN COUNTY CONST    7.50       09/11/26       CNY        60.00
TAOYUAN COUNTY ECONO    8.20       09/06/25       CNY        41.37
TAOYUAN COUNTY ECONO    8.20       09/06/25       CNY        41.20
TEMPUS GROUP CO LTD     7.50       06/07/20       CNY         2.00
TENGCHONG SHIXINGBAN    7.50       05/05/26       CNY        53.26
TIANJIN REAL ESTATE     7.70       03/16/21       CNY        21.49
TONGCHENG CITY CONST    7.50       07/23/25       CNY        20.94
TONGCHENG CITY CONST    7.50       07/23/25       CNY        20.00
TONGHUA FENGYUAN INV    7.80       04/30/26       CNY        42.17
TONGHUA FENGYUAN INV    8.00       12/18/25       CNY        41.88
TONGHUA FENGYUAN INV    7.80       04/30/26       CNY        41.70
TONGHUA FENGYUAN INV    8.00       12/18/25       CNY        40.00
TONGREN WATER GROUP     8.00       11/29/28       CNY        73.56
TONGXIANG CHONGDE IN    7.88       11/29/25       CNY        41.79
TONGXIANG CHONGDE IN    7.88       11/29/25       CNY        41.70
TUNGHSU GROUP CO LTD    8.18       10/25/21       CNY        22.00
URUMQI ECO TECH DEVE    7.50       10/19/25       CNY        41.37
URUMQI ECO TECH DEVE    7.50       10/19/25       CNY        40.00
WEIHAI LANCHUANG CON    7.70       10/11/25       CNY        41.20
WEIHAI LANCHUANG CON    7.70       10/11/25       CNY        40.99
WEIHAI WENDENG URBAN    7.70       05/02/28       CNY        65.15
WEIHAI WENDENG URBAN    7.70       05/02/28       CNY        64.64
WEINAN CITY INDUSTRI    7.50       06/30/27       CNY        64.89
WEINAN CITY INDUSTRI    7.50       06/30/27       CNY        60.00
WEINAN CITY INDUSTRI    7.50       04/28/26       CNY        42.18
WEINAN CITY INDUSTRI    7.50       04/28/26       CNY        40.00
WINTIME ENERGY GROUP    7.50       04/04/21       CNY        43.63
WINTIME ENERGY GROUP    7.90       03/29/21       CNY        43.63
WINTIME ENERGY GROUP    7.90       12/22/20       CNY        43.63
WINTIME ENERGY GROUP    7.50       12/06/20       CNY        43.63
WINTIME ENERGY GROUP    7.50       11/16/20       CNY        43.63
WINTIME ENERGY GROUP    7.70       11/15/20       CNY        43.63
WUSU CITY XINGRONG C    7.50       10/25/25       CNY        41.50
WUSU CITY XINGRONG C    7.50       10/25/25       CNY        40.00
WUXUE URBAN CONSTRUC    7.50       04/12/26       CNY        42.18
WUXUE URBAN CONSTRUC    7.50       04/12/26       CNY        40.00
WUZHOU CANGHAI CONST    8.00       05/31/28       CNY        66.55
WUZHOU CITY CONSTRUC    7.90       03/26/29       CNY        73.20
XIAN LINTONG URBAN I    7.69       04/22/26       CNY        42.46
XIAN LINTONG URBAN I    7.69       04/22/26       CNY        40.00
XIFENG COUNTY URBAN     8.00       03/14/26       CNY        42.33
XINFENG COUNTY URBAN    7.80       04/16/26       CNY        42.72
XINFENG COUNTY URBAN    7.80       12/05/25       CNY        41.88
XINFENG COUNTY URBAN    7.80       04/16/26       CNY        41.88
XINFENG COUNTY URBAN    7.80       12/05/25       CNY        40.00
XINGYI XINHENG URBAN    8.00       11/21/25       CNY        41.60
XINGYI XINHENG URBAN    7.90       01/31/25       CNY        20.46
XINGYI XINHENG URBAN    7.90       01/31/25       CNY        20.00
XINPING URBAN DEVELO    7.70       01/24/26       CNY        41.94
XINPING URBAN DEVELO    7.70       01/24/26       CNY        38.22
XINYU CITY YUSHUI DI    7.50       09/24/26       CNY        63.33
XIPING COUNTY INDUST    7.50       12/26/24       CNY        20.41
XIPING COUNTY INDUST    7.50       12/26/24       CNY        20.00
XIUSHAN HUAXING ENTE    7.50       09/25/25       CNY        41.31
XIUSHAN HUAXING ENTE    7.50       09/25/25       CNY        41.30
XUZHOU CITY JIAWANG     7.98       05/06/26       CNY        42.84
XUZHOU CITY JIAWANG     7.88       01/28/26       CNY        42.22
XUZHOU CITY JIAWANG     7.88       01/28/26       CNY        40.58
XUZHOU CITY JIAWANG     7.98       05/06/26       CNY        40.50
YANCHENG URBANIZATIO    7.50       03/04/27       CNY        64.85
YANGLING URBAN RURAL    7.80       06/19/26       CNY        42.92
YANGLING URBAN RURAL    7.80       02/20/26       CNY        42.21
YANGLING URBAN RURAL    7.80       06/19/26       CNY        40.00
YANGLING URBAN RURAL    7.80       02/20/26       CNY        40.00
YIBIN NANXI CAIYUAN     8.10       11/28/25       CNY        41.86
YIBIN NANXI CAIYUAN     8.10       11/28/25       CNY        41.79
YIBIN NANXI CAIYUAN     8.10       07/24/25       CNY        20.94
YIBIN NANXI CAIYUAN     8.10       07/24/25       CNY        20.00
YICHANG CHUANGYUAN H    7.80       11/06/25       CNY        41.57
YINGKOU BEIHAI NEW C    7.98       01/25/25       CNY        20.54
YINGKOU BEIHAI NEW C    7.98       01/25/25       CNY        20.54
YINGTAN JUNENG INVES    8.00       05/06/26       CNY        42.79
YINGTAN JUNENG INVES    8.00       05/06/26       CNY        40.00
YIYANG COUNTY CITY C    7.90       11/05/25       CNY        42.01
YIYANG COUNTY CITY C    7.90       11/05/25       CNY        41.67
YIYANG COUNTY CITY C    7.50       06/07/25       CNY        20.87
YIYANG COUNTY CITY C    7.50       06/07/25       CNY        20.00
YIYANG LONGLING CONS    7.60       01/23/26       CNY        41.85
YIYANG LONGLING CONS    7.60       01/23/26       CNY        40.30
YIYUAN HONGDING ASSE    7.50       08/17/25       CNY        41.15
YIYUAN HONGDING ASSE    7.50       08/17/25       CNY        41.09
YONGAN STATE-OWNED A    8.50       11/26/25       CNY        41.92
YONGAN STATE-OWNED A    8.50       11/26/25       CNY        40.00
YONGCHENG COAL & ELE    7.50       02/02/21       CNY        39.88
YONGXIU CITY CONSTRU    7.80       08/27/25       CNY        41.17
YONGXIU CITY CONSTRU    7.80       08/27/25       CNY        40.00
YONGXIU CITY CONSTRU    7.50       05/02/25       CNY        20.75
YONGXIU CITY CONSTRU    7.50       05/02/25       CNY        20.00
YOUYANG COUNTY TAOHU    7.50       09/28/25       CNY        41.28
YOUYANG COUNTY TAOHU    7.50       09/28/25       CNY        41.25
YUANJIANG CITY CONST    7.50       01/18/26       CNY        41.94
YUANJIANG CITY CONST    7.50       01/18/26       CNY        41.93
YUDU ZHENXING INVEST    7.50       05/03/25       CNY        20.72
YUDU ZHENXING INVEST    7.50       05/03/25       CNY        20.49
YUEYANG CITY JUNSHAN    7.96       03/13/27       CNY        63.73
YUEYANG CITY JUNSHAN    7.96       03/13/27       CNY        60.51
YUEYANG CITY JUNSHAN    7.96       04/23/26       CNY        42.68
YUEYANG CITY JUNSHAN    7.96       04/23/26       CNY        40.00
YUEYANG HUILIN INVES    7.50       12/23/26       CNY        64.15
YUEYANG HUILIN INVES    7.50       12/23/26       CNY        60.00
YUSHEN ENERGY DEVELO    7.50       05/07/27       CNY        65.00
YUSHEN ENERGY DEVELO    7.50       05/07/27       CNY        60.00
YUTAI XINDA ECONOMIC    7.50       04/10/26       CNY        42.31
YUTAI XINDA ECONOMIC    7.50       04/10/26       CNY        42.02
ZHANGJIAJIE LOULI TO    7.50       03/26/26       CNY        42.27
ZHANGJIAJIE LOULI TO    7.50       03/26/26       CNY        42.27
ZHANGZI NATIONAL OWN    7.50       10/18/26       CNY        63.56
ZHANGZI NATIONAL OWN    7.50       10/18/26       CNY        60.00
ZHEJIANG CHANGXING H    7.50       05/16/26       CNY        42.44
ZHEJIANG CHANGXING H    7.50       12/26/25       CNY        41.74
ZHEJIANG CHANGXING H    7.50       05/16/26       CNY        41.60
ZHEJIANG CHANGXING H    7.50       12/26/25       CNY        40.00
ZHEJIANG HUZHOU NANX    7.80       08/21/25       CNY        41.88
ZHEJIANG WUYI CITY C    8.00       12/21/25       CNY        41.96
ZHEJIANG WUYI CITY C    8.00       12/21/25       CNY        41.95
ZHEJIANG WUYI CITY C    8.00       08/10/25       CNY        41.16
ZHEJIANG WUYI CITY C    8.00       08/10/25       CNY        40.00
ZHONGHONG HOLDING CO    8.00       07/04/19       CNY         2.75
ZHONGTIAN FINANCIAL     8.50       08/16/27       CNY        31.04
ZHONGXIANG CITY CONS    7.50       07/05/26       CNY        42.77
ZHONGXIANG CITY CONS    7.50       07/05/26       CNY        40.00
ZHOUSHAN ISLANDS NEW    7.50       01/30/27       CNY        59.83
ZHOUSHAN ISLANDS NEW    7.50       01/30/27       CNY        55.00
ZHUZHOU HI-TECH AUTO    8.00       08/14/25       CNY        51.44
ZHUZHOU RAILWAY INDU    7.50       09/25/24       CNY        20.15
ZIGUI COUNTY CHUYUAN    7.80       02/12/28       CNY        66.15
ZIGUI COUNTY CHUYUAN    7.80       02/12/28       CNY        60.00
ZIYANG KAILI INVESTM    8.00       02/14/26       CNY        42.15
ZUNYI BOZHOU URBAN C    7.85       10/24/24       CNY        20.23
ZUNYI BOZHOU URBAN C    7.85       10/24/24       CNY        20.20
ZUNYI ROAD & BRIDGE     8.00       05/08/29       CNY        72.24
ZUNYI TRAFFIC TRAVEL    7.80       03/07/29       CNY        70.00


   HONG KONG
   ---------

CHINA SOUTH CITY HOL    9.00       04/12/24       USD        28.96
CHINA SOUTH CITY HOL    9.00       06/26/24       USD        27.95
CHINA SOUTH CITY HOL    9.00       12/11/24       USD        27.76
CHINA SOUTH CITY HOL    9.00       10/09/24       USD        27.64
HAINAN AIRLINES HONG   12.00       10/29/21       USD         1.92
HONGKONG IDEAL INVES   14.75       10/08/22       USD         1.57
YANGO JUSTICE INTERN    8.25       11/25/23       USD         0.39
YANGO JUSTICE INTERN    7.88       09/04/24       USD         0.38
YANGO JUSTICE INTERN    9.25       04/15/23       USD         0.29
YANGO JUSTICE INTERN    7.50       02/17/25       USD         0.29
YANGO JUSTICE INTERN   10.25       09/15/22       USD         0.28
YANGO JUSTICE INTERN   10.00       02/12/23       USD         0.14
YANGO JUSTICE INTERN    7.50       04/15/24       USD         0.12
YANGO JUSTICE INTERN   10.25       03/18/22       USD         0.03
ZENSUN ENTERPRISES L   12.50       04/23/24       USD         5.42
ZENSUN ENTERPRISES L   12.50       09/13/23       USD         4.69


   INDONESIA
   ---------

WIJAYA KARYA PERSERO    9.25       12/18/25       IDR        72.93
WIJAYA KARYA PERSERO    9.25       12/18/25       IDR        72.83
WIJAYA KARYA PERSERO    9.10       03/03/26       IDR        70.93
WIJAYA KARYA PERSERO    9.10       03/03/26       IDR        70.53
WIJAYA KARYA PERSERO    8.55       09/08/26       IDR        65.64
WIJAYA KARYA PERSERO    8.55       09/08/26       IDR        65.26
WIJAYA KARYA PERSERO   10.50       11/03/27       IDR        63.99
WIJAYA KARYA PERSERO   10.50       11/03/27       IDR        63.99
WIJAYA KARYA PERSERO   10.90       11/03/29       IDR        63.96
WIJAYA KARYA PERSERO   10.90       11/03/29       IDR        63.96
WIJAYA KARYA PERSERO    9.75       03/03/28       IDR        61.75
WIJAYA KARYA PERSERO    9.75       03/03/28       IDR        61.51
WIJAYA KARYA PERSERO    7.75       02/18/27       IDR        61.50
WIJAYA KARYA PERSERO    9.85       12/18/27       IDR        61.46
WIJAYA KARYA PERSERO    9.85       12/18/27       IDR        60.99
WIJAYA KARYA PERSERO    7.75       02/18/27       IDR        60.99
WIJAYA KARYA PERSERO    9.25       09/08/28       IDR        59.55
WIJAYA KARYA PERSERO    9.25       09/08/28       IDR        59.47
WIJAYA KARYA PERSERO    8.30       02/18/29       IDR        56.67
WIJAYA KARYA PERSERO    8.30       02/18/29       IDR        56.59
WIJAYA KARYA PERSERO    8.60       12/18/25       IDR        41.01


   INDIA
   -----

AVANTI FINANCE PVT L    9.25       08/29/25       INR        74.32
AXIS FINANCE LTD        8.10       11/17/28       INR        74.35
AYE FINANCE PVT LTD    11.25       05/08/25       INR        70.55
BHARAT SANCHAR NIGAM    7.55       03/20/34       INR        63.60
IIFL SAMASTA FINANCE   10.75       02/24/25       INR        37.68
IKF FINANCE LTD        10.60       03/27/25       INR        37.56
MAHANAGAR TELEPHONE     7.51       03/06/34       INR        54.23
PIRAMAL CAPITAL & HO    8.50       04/18/23       INR        34.25
RARE ASSET RECONSTRU    8.00       07/31/28       INR        74.55
RARE ASSET RECONSTRU    8.00       08/07/28       INR        74.47


   MALAYSIA
   --------

CAPITAL A BHD           8.00       12/29/28       MYR         0.83


   PHILIPPINES
   -----------

BAYAN TELECOMMUNICAT   15.00       07/15/06       USD        14.88
BAYAN TELECOMMUNICAT   15.00       07/15/06       USD        14.88


   SINGAPORE
   ---------

BAKRIE TELECOM PTE L   11.50       05/07/15       USD         0.58
BAKRIE TELECOM PTE L   11.50       05/07/15       USD         0.58
BLD INVESTMENTS PTE     8.63       03/23/15       USD         6.75
DAVOMAS INTERNATIONA   11.00       12/08/14       USD         0.47
DAVOMAS INTERNATIONA   11.00       12/08/14       USD         0.47
DAVOMAS INTERNATIONA   11.00       05/09/11       USD         0.47
DAVOMAS INTERNATIONA   11.00       05/09/11       USD         0.47
ENERCOAL RESOURCES P    9.25       08/05/14       USD        45.75
ITNL OFFSHORE PTE LT    7.50       01/18/21       CNY        20.29
MICLYN EXPRESS OFFSH    8.75       11/25/18       USD         0.87
NOMURA INTERNATIONAL    7.65       10/04/37       AUD        65.99
NOMURA INTERNATIONAL   19.50       08/28/28       TRY        65.69
ORO NEGRO DRILLING P    7.50       01/24/24       USD         0.50
RICKMERS MARITIME       8.45       05/15/17       SGD         5.00
SWIBER HOLDINGS LTD     7.75       09/18/17       CNY         6.13


   SOUTH KOREA
   -----------

SAMPYO CEMENT CO LTD    8.10       06/26/15       KRW        70.00
SAMPYO CEMENT CO LTD    8.10       04/12/15       KRW        70.00
SAMPYO CEMENT CO LTD    8.30       09/10/14       KRW        70.00
SAMPYO CEMENT CO LTD    7.50       07/20/14       KRW        70.00
SAMPYO CEMENT CO LTD    8.30       04/20/14       KRW        70.00


   SRI LANKA
   ---------

SRI LANKA GOVERNMENT   12.40       05/15/31       LKR        73.31
SRI LANKA GOVERNMENT   12.40       06/15/32       LKR        70.28
SRI LANKA GOVERNMENT    7.50       01/15/33       LKR        66.07
SRI LANKA GOVERNMENT   12.40       02/15/34       LKR        63.62
SRI LANKA GOVERNMENT   12.40       03/15/35       LKR        61.75
SRI LANKA GOVERNMENT   12.40       04/15/36       LKR        60.24
SRI LANKA GOVERNMENT   12.40       05/15/37       LKR        59.03
SRI LANKA GOVERNMENT   12.40       06/15/38       LKR        58.07
SRI LANKA GOVERNMENT    7.85       03/14/29       USD        56.86
SRI LANKA GOVERNMENT    7.85       03/14/29       USD        56.76
SRI LANKA GOVERNMENT    7.55       03/28/30       USD        56.20
SRI LANKA GOVERNMENT    7.55       03/28/30       USD        56.17



                           *********


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter-Asia Pacific is a daily newsletter co-
published by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Marites O. Claro, Joy A. Agravante, Rousel Elaine T. Fernandez,
Julie Anne L. Toledo, Ivy B. Magdadaro and Peter A. Chapman,
Editors.

Copyright 2024.  All rights reserved.  ISSN: 1520-9482.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding,
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Information contained herein is obtained from sources believed
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