/raid1/www/Hosts/bankrupt/TCRAP_Public/250204.mbx
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, February 4, 2025, Vol. 28, No. 25
Headlines
A U S T R A L I A
ANNIE VENTURES: Second Creditors' Meeting Set for Feb. 7
FINN POKE: First Creditors' Meeting Set for Feb. 10
GROUND CONTROL: First Creditors' Meeting Set for Feb. 10
ONE SMALL: First Creditors' Meeting Set for Feb. 10
SPC GLOBAL: Nepean River Dairy Administrators to Sell Plant
VEMORASH PROPERTY: First Creditors' Meeting Set for Feb. 10
C H I N A
RETO ECO-SOLUTIONS: Signs Deal With Sunflower to Buy 2 Businesses
I N D I A
A.P.R. GINN: ICRA Keeps B Debt Rating in Not Cooperating Category
ADHITYA POLYFILMS: ICRA Keeps D Debt Ratings in Not Cooperating
AJAY ENGICONE: ICRA Keeps D Debt Ratings in Not Cooperating
ANANTHA PVC: ICRA Keeps D Ratings in Not Cooperating Category
CANDEUR CONSTRUCTIONS: ICRA Keeps B+ Ratings in Not Cooperating
CHAITANYA CORPORATION: ICRA Keeps D Rating in Not Cooperating
ELECTROPATH SERVICES: ICRA Keeps D Ratings in Not Cooperating
G.N. BULLION: ICRA Keeps D Debt Rating in Not Cooperating
GIRIRAJ INDUSTRIES: ICRA Keeps D Debt Ratings in Not Cooperating
GUDIVADA MUNICIPALITY: ICRA Keeps B+ Rating in Not Cooperating
JAY BHARAT FOOD: ICRA Keeps B+ Debt Ratings in Not Cooperating
JAY BHARAT SPICES: ICRA Keeps B+ Debt Ratings in Not Cooperating
KAY BOUVET: ICRA Keeps D Debt Ratings in Not Cooperating Category
KOHINOOR HOSPITALS: ICRA Keeps D Debt Ratings in Not Cooperating
KRANO MINERALS: ICRA Moves B+ Debt Ratings to Not Cooperating
LEXUS GRANITO: ICRA Keeps D Debt Ratings in Not Cooperating
MADHAV GINNING: Liquidation Process Case Summary
MOONLIGHT MARBLES: ICRA Keeps D Debt Ratings in Not Cooperating
PANDA TECHNOLOGIES: Insolvency Resolution Process Case Summary
PD CORPORATION: ICRA Keeps D Debt Ratings in Not Cooperating
RAJ EVENTS: ICRA Keeps D Debt Rating in Not Cooperating Category
ROYAL POWER: ICRA Keeps D Debt Ratings in Not Cooperating
SANWARIYAJI BUSINESS: Insolvency Resolution Process Case Summary
SHIGA ENERGY: ICRA Keeps D Debt Ratings in Not Cooperating
SHRINATHJI BUSINESS: Insolvency Resolution Process Case Summary
SRINIVASA EDUCATIONAL: ICRA Keeps D Rating in Not Cooperating
SUNBLINK REAL ESTATE: Insolvency Resolution Process Case Summary
TULIP HOTELS: Voluntary Liquidation Process Case Summary
VIDARBHA INDUSTRIES: ICRA Keeps D Debt Ratings in Not Cooperating
VIDYA PRASARINI: ICRA Keeps D Debt Ratings in Not Cooperating
VIJAY TRADING: ICRA Keeps D Debt Rating in Not Cooperating
VINAR ISPAT: ICRA Lowers Rating on INR15cr LT Loan to D
WOMEN'S NEXT: ICRA Keeps D Debt Rating in Not Cooperating
N E W Z E A L A N D
BRIGHT SPARK: Liquidators Brace for Millions in Warranty Claims
CLOUDY BAY: Court to Hear Wind-Up Petition on Feb. 25
DURASTEEL STRUCTURES: Khov Jones Appointed as Receivers
LIPSCO INVESTMENTS: Creditors' Proofs of Debt Due on March 7
MOBILE PLANT: Court to Hear Wind-Up Petition on March 10
PROSPECT TERRACES: Creditors' Proofs of Debt Due on Feb. 15
P H I L I P P I N E S
ASIAN MARITIME: Lenders Seek Payments of Nearly PHP5BB Loans
EMERALD RURAL: Placed Under PDIC Receivership
JG SUMMIT: Petrochem Unit in Indefinite Commercial Shutdown
S I N G A P O R E
BUBS AND TOTS: Court Enters Wind-Up Order
BUSHEY PARK: Creditors' Proofs of Debt Due on March 3
KAI LI: Creditors' Proofs of Debt Due on Feb. 10
NTEGRATOR HOLDINGS: High Court Orders Wind Up of Company
STRAITS TRADING: Creditors' Proofs of Debt Due on March 3
SWISS BUTCHERY: Court to Hear Wind-Up Petition on Feb. 7
TEIDE LTD: EUR315.8MM Bank Debt Trades at 55% Discount
[] SINGAPORE: More Than 3,000 F&B Outlets Closed in 2024
T H A I L A N D
LOTUS PANG: Iconic Hotel Closes After 33 Years
X X X X X X X X
[] BOND PRICING: For the Week Jan. 27, 2025 to Jan. 31, 2025
- - - - -
=================
A U S T R A L I A
=================
ANNIE VENTURES: Second Creditors' Meeting Set for Feb. 7
--------------------------------------------------------
A second meeting of creditors in the proceedings of Annie Ventures
Pty Ltd has been set for Feb. 7, 2025 at 10:00 a.m. at the offices
of Cor Cordis in Mezzanine Level, 28 The Esplanade in Perth and via
Microsoft Teams.
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 Feb. 6, 2025 at 4:00 p.m.
Jeremy Joseph Nipps and Thomas Donald Birch of Cor Cordis were
appointed as administrators of the company on Sept. 11, 2024.
FINN POKE: First Creditors' Meeting Set for Feb. 10
---------------------------------------------------
A first meeting of the creditors in the proceedings of Finn Poke
Burleigh Pty Ltd and Two Yolks Burleigh Pty Ltd will be held on
Feb. 10, 2025 at 11:00 a.m. and 12:00 p.m. respectively, at the
offices of O'Brien Palmer at Level 9, 66 Clarence Street in Sydney
and via Zoom video conferencing.
Daniel Frisken of O'Brien Palmer was appointed as administrator of
the company on Jan. 29, 2025.
GROUND CONTROL: First Creditors' Meeting Set for Feb. 10
--------------------------------------------------------
A first meeting of the creditors in the proceedings of Ground
Control Data Pty Ltd will be held on Feb. 10, 2025 at 11:00 a.m.
via videoconference only.
Roberto Crispino and Nicholas Wollinski of Hall Chadwick were
appointed as administrators of the company on Feb. 10, 2025.
ONE SMALL: First Creditors' Meeting Set for Feb. 10
---------------------------------------------------
A first meeting of the creditors in the proceedings of One Small
Step Collective Pty Ltd will be held on Feb. 10, 2025 at 10:00 a.m.
via videoconference only.
Roberto Crispino and Nicholas Wollinski of Hall Chadwick were
appointed as administrators of the company on Jan. 29, 2025.
SPC GLOBAL: Nepean River Dairy Administrators to Sell Plant
-----------------------------------------------------------
Simon Evans at The Australian Financial Review reports that food,
juice and infant formula group SPC Global's dream of building a
homegrown food powerhouse is facing early resistance from
Australian investors, with its share price down 44 per cent since
the business returned to the ASX late last year.
As part of its reinvention, it bought an infant formula business
from Nature One Dairy to try to offset seasonal fluctuations in
fruit and vegetable processing. That agreement fortunately excluded
a milk processing business in Australia, Nepean River Dairy. Last
month, this business went into administration.
According to the Financial Review, administrators Aston Chace Group
are trying to sell Nepean River Dairy and a 60-million-litre
processing plant in Sydney's Winston Hills, which produced regular
milk, flavoured varieties, long-life milk and soy milk under brands
Nepean River Dairy and Dairy Fresh.
The Financial Review relates that Rajiv Goyal, one of the
administrators, said there had been solid interest before the
January 29 deadline for offers. "We're hoping there will be a buyer
or a recapitalisation," he said.
SPC Global bought most of Nature One Dairy in a three-way merger
last year that included The Original Juice Co, the report recalls.
Since relisting, the share price of SPC Global has skidded to 73
cents at Jan. 31's close from AUD1.31 in mid-December. It has been
in a tussle over foreign imports and has complained to the
Anti-Dumping Commission about cheap Italian tomatoes being sold in
Coles and Woolworths supermarkets at almost half the price of SPC's
Ardmona brands.
An investigation is under way, which Italian producers and the
European Union say is unwarranted, according to the report.
The enlarged entity is projected to have annual revenues of AUD400
million in 2024-25. SPC is a century-old agribusiness group that
began life as a farmer co-operative in regional Victoria. It was
listed on the ASX until 2005 when it was swallowed by soft drinks
giant Coca-Cola Amatil for AUD750 million. It was then bought out
by a private equity group in 2019 for just AUD40 million.
Nepean River Dairy was acquired in 2021 for AUD25 million by Nature
One Dairy; main shareholder and CEO Nick Dimopoulos received a part
of 29.3 million SPC shares and AUD6 million in cash from selling
the business into the three-way merger.
"SPC Global's acquisition of Nature One Dairy included the powdered
milk business only," an SPC spokesman confirmed.
Documents show that National Australia Bank is a secured creditor,
and the Australian Taxation Office is also owed money, the
Financial Review discloses.
The Financial Review adds that SPC Global announced on January 6
that Nature One Dairy's international arm based in Hong Kong had
secured a 10-year deal with Dairy Farm Company to supply infant
formula products to the large Mannings health and beauty retail
network in Hong Kong in a deal worth AUD250 million in revenue over
10 years.
Based in Mill Park, Australia, SPC Global Holdings Ltd, together
with its subsidiaries, operates as a beverage and wellness
supplement company in Australia and Asia. The company is involved
in the manufacture and sale of functional juices, fibers, and
infused fruits and waters; provision of co-packing services to
third parties; and research and development of food-related
technologies to develop functional food products and ingredients.
It sells its products under the Original Juice Company, Juice Lab,
Eridani, Aussie Juice Growers, Thirsty Brothers Original Juice, and
Australia's Garden brands. The company was formerly known as The
Original Juice Co. Ltd and changed its name to SPC Global Holdings
Ltd in December 2024.
VEMORASH PROPERTY: First Creditors' Meeting Set for Feb. 10
-----------------------------------------------------------
A first meeting of the creditors in the proceedings of Vemorash
Property Holdings Pty Ltd will be held on Feb. 10, 2025 at 11:00
a.m. at the offices of HLB Mann Judd at Level 5, 10 Shelley Street
in Sydney and virtually via Microsoft Teams.
Todd Gammel of HLB Mann Judd was appointed as administrator of the
company on Jan. 29, 2025.
=========
C H I N A
=========
RETO ECO-SOLUTIONS: Signs Deal With Sunflower to Buy 2 Businesses
-----------------------------------------------------------------
Reto Eco-Solutions, Inc., filed a Form 8-K with the Securities and
Exchange Commission, disclosing that in December 2024, Sunoro
Holdings Limited, a wholly owned subsidiary of the Company, entered
into a non-binding memorandum of understanding (the "MOU") with
Sunflower Energy Holding Limited. Pursuant to the MOU, Sunoro
proposes to acquire through Sunflower two lines of businesses (i)
holding and rental of commercial/office space and (ii) manufacture
and sales of craft beer brewing machine, using a combination of
cash and shares of the Company. The closing of the Transaction is
subject to the parties agreeing on economic terms of the
Transaction, satisfactory completion of due diligence, entering
into definitive agreements, obtaining corporate and regulatory
approvals, satisfaction of customary closing conditions.
Accordingly, there can be no assurance that definitive agreements
providing for the Transaction will be entered into or that the
proposed Transaction will be consummated.
About Reto Eco-Solutions
Reto Eco-Solutions, Inc., through its operating subsidiaries in
China, is engaged in the manufacture and distribution of
eco-friendly construction materials (aggregates, bricks, pavers and
tiles), made from mining waste (iron tailings), as well as
equipment used for the production of these eco-friendly
construction materials. Headquartered in Beijing, Peoples Republic
of China, the Company also provides consultation, design, project
implementation and construction of urban ecological protection
projects through its operating subsidiaries in China. It also
provides parts, engineering support, consulting, technical advice
and service, and other project-related solutions for its
manufacturing equipment and environmental protection projects.
Irvine, California-based YCM CPA, Inc., the Company's auditor since
2021, issued a "going concern" qualification in its report dated
May 15, 2024. The report highlights that the Company records an
accumulated deficit as of Dec. 31, 2023, and the Company currently
has net working capital deficit, continued net losses and negative
cash flows from operations. These conditions raise substantial
doubt about the Company's ability to continue as a going concern.
The Company's net loss from continuing operations amounted to $16.1
million, $15.4 million and $20.5 million for the year ended Dec.
31, 2023, 2022 and 2021, respectively. The Company's net loss from
discontinued operations amounted to nil, nil and $1.6 million for
the year ended Dec. 31, 2023, 2022 and 2021, respectively. Total
net loss amounted to approximately $16.1 million, $15.4 million and
$22.1 million for the year ended Dec. 31, 2023, 2022 and 2021,
respectively.
=========
I N D I A
=========
A.P.R. GINN: ICRA Keeps B Debt Rating in Not Cooperating Category
-----------------------------------------------------------------
ICRA has kept the Long-Term rating of A.P.R. Ginn and Pressing
Mills in the 'Issuer Not Cooperating' category. The rating is
denoted as "[ICRA]B(Stable); ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 5.00 [ICRA]B (Stable) ISSUER NOT
Fund Based- COOPERATING; Rating
Cash Credit continues to remain under
'Issuer Not Cooperating'
Category
As part of its process and in accordance with its rating agreement
with A.P.R. Ginn And Pressing Mills, ICRA has been trying to seek
information from the entity so as to monitor its performance.
Further, ICRA has been sending repeated reminders to the entity for
payment of surveillance fee that became due. Despite multiple
requests by ICRA, the entity's management has remained
non-cooperative. In the absence of requisite information and in
line with the aforesaid policy of ICRA, the rating has been
continued to the "Issuer Not Cooperating" category. The rating is
based on the best available information.
A.P.R. Ginn & Pressing Mills is a proprietorship concern
established in the year 1985 by Mr. A.P. Rangasamy. The Firm
operates a cotton ginning and pressing unit in Coimbatore,
Tamilnadu with 24 ginning machines each with a production capacity
of 50 kg of ginned cotton per hour. APR mainly deals in DCH variety
of raw cotton which is procured directly from farmers. The firm
produces cotton lint which is sold to various dealers.
ADHITYA POLYFILMS: ICRA Keeps D Debt Ratings in Not Cooperating
---------------------------------------------------------------
ICRA has kept the Long-Term and Short-Term ratings of Sri Adhitya
Polyfilms Pvt. Ltd. (SAPPL) in the 'Issuer Not Cooperating'
category. The ratings are denoted as "[ICRA]D; ISSUER NOT
COOPERATING/ [ICRA]D; ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long-term- 5.00 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Cash Credit 'Issuer Not Cooperating'
Category
Long-term- 0.67 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Term Loan 'Issuer Not Cooperating'
Category
Short-term 2.25 [ICRA]D; ISSUER NOT COOPERATING;
Non-fund based Rating continues to remain under
Others 'Issuer Not Cooperating'
Category
Long-term/ 0.08 [ICRA]D/[ICRA]D; ISSUER NOT
Short Term COOPERATING; Rating Continues to
Unallocated remain under 'Issuer Not
Cooperating' Category
As part of its process and in accordance with its rating agreement
with SAPPL, ICRA has been trying to seek information from the
entity so as to monitor its performance. Further, ICRA has been
sending repeated reminders to the entity for payment of
surveillance fee that became due. Despite multiple requests by
ICRA, the entity's management has remained non-cooperative. In the
absence of requisite information and in line with the aforesaid
policy of ICRA, the rating has been continued to the "Issuer Not
Cooperating" category. The rating is based on the best available
information.
Sri Adhitya Polyfilms Private Limited (SAPPL) was incorporated as a
private limited company in the year 2002 and the company commenced
its operations in 2003. SAPPL is engaged in manufacturing flexible
packaging material in roll form as well as pouch form, through the
printing and laminating of plastic films. The company initially
started with a capacity of 900 tonnes per annum (MTPA) and has
expanded to 2000 MTPA. The company largely caters to localized
demand from manufacturers of food products situated across Tamil
Nadu, Andhra Pradesh and Karnataka. SAPPL operates out of its
manufacturing facility at SIDCO Industrial Estate, Ambattur,
Chennai. It is managed by Mr. S. P. Mohan Subramanian and Mrs.
Vidhya Mohan who together take care of overall operations of the
company.
AJAY ENGICONE: ICRA Keeps D Debt Ratings in Not Cooperating
-----------------------------------------------------------
ICRA has kept the Long-Term and Short-Term ratings for the Bank
Facility of Ajay Engicone Pvt. Ltd. (AEPL) in the 'Issuer Not
Cooperating' category. The ratings are denoted as "[ICRA]D; ISSUER
NOT COOPERATING/[ICRA]D; ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long-term- 1.25 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Cash Credit 'Issuer Not Cooperating'
Category
Long-term- 0.28 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Term Loan 'Issuer Not Cooperating'
Category
Long-term/ 8.47 [ICRA]D/[ICRA]D; ISSUER NOT
Short Term COOPERATING; Rating Continues to
Non Fund Based/ remain under 'Issuer Not
Others Cooperating' Category
As part of its process and in accordance with its rating agreement
with AEPL, ICRA has been trying to seek information from the entity
so as to monitor its performance. Further, ICRA has been sending
repeated reminders to the entity for payment of surveillance fee
that became due. Despite multiple requests by ICRA, the entity's
management has remained non-cooperative. In the absence of
requisite information and in line with the aforesaid policy of
ICRA, the rating has been continued to the "Issuer Not Cooperating"
category. The rating is based on the best available information.
Incorporated in March 1997, AEPL constructs and maintains roads,
dams, canals and bridges in the states of Jharkhand and Bihar. The
company is registered as a Class-I contractor with the Road
Construction Department, Jharkhand. In 1997, it took over the
entire business of the partnership firm - M/s Ajay Construction,
which had been in the same line of business since 1982.
ANANTHA PVC: ICRA Keeps D Ratings in Not Cooperating Category
-------------------------------------------------------------
ICRA has kept the Long-Term and Short Term ratings of Anantha PVC
Pipes Private Limited (APPPL) in the 'Issuer Not Cooperating'
category. The rating are denoted as "[ICRA]D; ISSUER NOT
COOPERATING/[ICRA]D; ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long-term- 8.00 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating continues to remain under
Cash Credit 'Issuer Not Cooperating'
category
Short Term- 7.00 [ICRA]D; ISSUER NOT COOPERATING;
Non Fund Rating continues to remain under
Based-Others 'Issuer Not Cooperating'
Category
As part of its process and in accordance with its rating agreement
with APPPL, ICRA has been trying to seek information from the
entity so as to monitor its performance. Further, ICRA has been
sending repeated reminders to the entity for payment of
surveillance fee that became due. Despite multiple requests by
ICRA, the entity's management has remained non-cooperative. In the
absence of requisite information and in line with the aforesaid
policy of ICRA, the rating has been continued to the "Issuer Not
Cooperating" category. The rating is based on the best available
information.
Anantha PVC Pipes Private Limited (APPPL), was founded in 2002 as a
proprietorship concern which was converted to private limited
company in 2006. APPPL is a part of Nandyal (Andhra Pradesh) based
Nandi Group of companies, promoted by Mr. Sajjala Sreedhar Reddy.
APPPL is engaged in the business of manufacturing of rigid
Polyvinyl Chloride (PVC) pipes and fittings with installed capacity
of 12,800 MTPA at its facilities located at Hampapuram (Andhra
Pradesh). The products are widely used in irrigation,
telecommunication, potable water supplies, electrical industry,
construction industry, sewerage and drainage etc. In addition, the
company is also engaged in trading of resins and chemicals. Nandi
group, promoted by Shri S.P.Y Reddy, is a South India based
industrial house having diversified business interest such as
cement, dairy, PVC pipes, construction etc.
CANDEUR CONSTRUCTIONS: ICRA Keeps B+ Ratings in Not Cooperating
---------------------------------------------------------------
ICRA has kept the Long-Term rating of Candeur Constructions Private
Limited (CCPL) in the 'Issuer Not Cooperating' category. The rating
is denoted as [ICRA]B+(Stable); ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 200.00 [ICRA]B+ (Stable) ISSUER NOT
Fund Based- COOPERATING; Rating continues
Term Loan to remain under 'Issuer Not
Cooperating' category
Long Term- 400.00 [ICRA]B+ (Stable) ISSUER NOT
Fund Based- COOPERATING; Rating continues
Proposed to remain under 'Issuer Not
Cooperating' category
As part of its process and in accordance with its rating agreement
with CCPL, ICRA has been trying to seek information from the entity
so as to monitor its performance. Further, ICRA has been sending
repeated reminders to the entity for payment of surveillance fee
that became due. Despite multiple requests by ICRA, the entity's
management has remained non-cooperative. In the absence of
requisite information and in line with the aforesaid policy of
ICRA, the rating has been continued to the "Issuer Not Cooperating"
category. The rating is based on the best available
information.
Candeur Constructions Private Limited (CCPL) was established in
2021 and is currently involved in the residential real estate
development in Hyderabad, Telangana. The company is engaged in the
development of residential real estate projects named 'Candeur Lake
Scape' and 'Candeur Skyline' in Hyderabad.
CHAITANYA CORPORATION: ICRA Keeps D Rating in Not Cooperating
-------------------------------------------------------------
ICRA has kept the Long-Term ratings for the Bank Facility of Sree
Chaitanya Corporation Pvt. Ltd. in the 'Issuer Not Cooperating'
category. The ratings is denoted as "[ICRA]D;ISSUER NOT
COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 8.00 [ICRA]D; ISSUER NOT COOPERATING;
Unallocated Rating Continues to remain under
'Issuer Not Cooperating'
Category
As part of its process and in accordance with its rating agreement
with Sree Chaitanya Corporation Pvt. Ltd., ICRA has been trying to
seek information from the entity so as to monitor its performance.
Further, ICRA has been sending repeated reminders to the entity for
payment of surveillance fee that became due. Despite multiple
requests by ICRA, the entity's management has remained
non-cooperative. In the absence of requisite information and in
line with the aforesaid policy of ICRA, the rating has been
continued to the "Issuer Not Cooperating" category. The rating is
based on the best available information.
Set up in 2011 as a proprietorship concern, M/s. Chaitanya
Industries was later converted to private limited company during FY
15. SCCPL was promoted by Mr. R. Kanaka Rao for trading iron ore
fines. Subsequently, several other commodities like coal, rice,
maize, and granite blocks were added to the portfolio. SCCPL
purchases coal from local importers and supplies to traders who
deal with end customers across pharma and sponge iron units based
out of Visakhapatnam.
ELECTROPATH SERVICES: ICRA Keeps D Ratings in Not Cooperating
-------------------------------------------------------------
ICRA has kept the Long-Term and Short-Term ratings for the Bank
Facility of Electropath Services (India) Private Limited (ESIPL) in
the 'Issuer Not Cooperating' category. The ratings are denoted as
"[ICRA]D;ISSUER NOT COOPERATING/[ICRA]D;ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long-term- 21.27 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Cash Credit 'Issuer Not Cooperating'
Category
Short-term 28.73 [ICRA]D; ISSUER NOT COOPERATING;
Non-fund based Rating continues to remain under
Others 'Issuer Not Cooperating'
Category
As part of its process and in accordance with its rating agreement
with ESIPL, ICRA has been trying to seek information from the
entity so as to monitor its performance. Further, ICRA has been
sending repeated reminders to the entity for payment of
surveillance fee that became due. Despite multiple requests by
ICRA, the entity's management has remained non-cooperative. In the
absence of requisite information and in line with the aforesaid
policy of ICRA, the rating has been continued to the "Issuer Not
Cooperating" category. The rating is based on the best available
information.
Established in 2006, ESIPL is engaged in executing turnkey power
projects for Maharashtra State Electricity Distribution Company
Limited (MSEDCL). The company provides services like designing,
erecting, commissioning, testing for projects like electricity
distribution and transmission lines, electricity distribution
transformer centers, substations, etc. The promoter, Mr. Sambhaji
Nathrao Gitte, has experience of more than two decades in
electrical contracting.
G.N. BULLION: ICRA Keeps D Debt Rating in Not Cooperating
---------------------------------------------------------
ICRA has kept the Long-Term rating of G.N. Bullion Private Limited
(GNBPL) in the 'Issuer Not Cooperating' category. The rating is
denoted as "[ICRA]D; ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long-term- 14.50 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Cash Credit 'Issuer Not Cooperating'
Category
As part of its process and in accordance with its rating agreement
with GNBPL, ICRA has been trying to seek information from the
entity so as to monitor its performance. Further, ICRA has been
sending repeated reminders to the entity for payment of
surveillance fee that became due. Despite multiple requests by
ICRA, the entity's management has remained non-cooperative. In the
absence of requisite information and in line with the aforesaid
policy of ICRA, the rating has been continued to the "Issuer Not
Cooperating" category. The rating is based on the best available
information.
Incorporated in 2009, G. N. Bullion Private Limited (GNBPL) is
mainly involved in manufacturing and selling of gold jewellery in
the wholesale market. The company's jewellery manufacturing
operation is carried out on job-work basis. In addition, it
manufactures silver coins in small volumes at its own workshop in
Kolkata. The clientele of the company primarily comprises domestic
jewellery retailers in the eastern India.
GIRIRAJ INDUSTRIES: ICRA Keeps D Debt Ratings in Not Cooperating
----------------------------------------------------------------
ICRA has kept the Long-Term and Short-Term rating of Giriraj
Industries (GI) in the 'Issuer Not Cooperating' category. The
ratings are denoted as "[ICRA]D/[ICRA]D; ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long-term- 13.80 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Cash Credit 'Issuer Not Cooperating'
Category
Long-term- 1.20 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Term Loan 'Issuer Not Cooperating'
Category
Cash Credit 2.00 [ICRA]D; ISSUER NOT COOPERATING;
Rating continues to remain under
'Issuer Not Cooperating' category
As part of its process and in accordance with its rating agreement
with GI, ICRA has been trying to seek information from the entity
so as to monitor its performance. Further, ICRA has been sending
repeated reminders to the entity for payment of surveillance fee
that became due. Despite multiple requests by ICRA, the entity's
management has remained non-cooperative. In the absence of
requisite information and in line with the aforesaid policy of
ICRA, the rating has been continued to the "Issuer Not Cooperating"
category. The rating is based on the best available information.
Established in 1996, Giriraj Industries (GI) is engaged in
processing of raw cotton to produce cotton bales and cotton seeds
as well as trading of related commodities like cotton seed oil and
cotton seed oil cakes. The firm has a manufacturing unit in
Manavadar, Gujarat and is equipped with thirty ginning machines and
one manual pressing machine with a capacity to process 36 MT of raw
cotton per day. The major raw material of the firm is Shankar-6
which is procured directly from the farmers located in nearby
villages, and close by areas at market prices on cash payment
basis.
GUDIVADA MUNICIPALITY: ICRA Keeps B+ Rating in Not Cooperating
--------------------------------------------------------------
ICRA has kept the Issuer rating of Gudivada Municipality in the
'Issuer Not Cooperating' category. The rating is denoted as
"[ICRA]B+(Stable); ISSUER NOT COOPERATING".
As part of its process and in accordance with its rating agreement
with Gudivada Municipality, ICRA has been trying to seek
information from the entity so as to monitor its performance.
Further, ICRA has been sending repeated reminders to the entity for
payment of surveillance fee that became due. Despite multiple
requests by ICRA, the entity's management has remained
non-cooperative. In the absence of requisite information and in
line with the aforesaid policy of ICRA, the rating has been
continued to the "Issuer Not Cooperating" category. The rating is
based on the best available information.
The GDVM was constituted as a municipality in 1937 and is governed
by the Andhra Pradesh State Municipalities Act 1965 (Act). It
manages the municipal services in Gudivada city in the Krishna
district of AP. The GDVM covers an area of 12.67 sq. km. and serves
a population of 1.2 lakh (as per Census 2011). Its main functions
include water supply, solid waste management and construction,
repair and maintenance of roads, and streetlights in its area. The
municipality is governed by an elected body (council) headed by a
Chairperson, while the Commissioner acts as the executive head
overseeing its everyday functioning.
JAY BHARAT FOOD: ICRA Keeps B+ Debt Ratings in Not Cooperating
--------------------------------------------------------------
ICRA has kept the Long-Term rating of Jay Bharat Food Process
Private Limited (JBFPPL) in the 'Issuer Not Cooperating' category.
The rating is denoted as "[ICRA]B+(Stable); ISSUER NOT
COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 3.00 [ICRA]B+(Stable) ISSUER NOT
Fund Based- COOPERATING; Rating continues
Cash Credit to remain under 'Issuer Not
Cooperating' category
Long Term- 12.29 [ICRA]B+(Stable) ISSUER NOT
Fund Based- COOPERATING; Rating continues
Term Loan to remain under 'Issuer Not
Cooperating' category
As part of its process and in accordance with its rating agreement
with JBFPPL, ICRA has been trying to seek information from the
entity so as to monitor its performance. Further, ICRA has been
sending repeated reminders to the entity for payment of
surveillance fee that became due. Despite multiple requests by
ICRA, the entity's management has remained non-cooperative. In the
absence of requisite information and in line with the aforesaid
policy of ICRA, the rating has been continued to the "Issuer Not
Cooperating" category. The rating is based on the best available
information.
JBFPPL started operations from the year 2009 and is engaged in
manufacturing of atta, besan, papad, Sattu, Tadaka, Vermicelli,
Chuda Powder, Soyabadhi and pasta. The company sources its raw
materials from different states in India through traders. The
primary raw material used for manufacturing pasta is suji. The food
products to be sold outside Odisha are sold to its group company
JBSPL which in turn uses its own network to sell the produce to the
final consumers. The goods are sold under the brand "Bharat". The
company had set up a new manufacturing facility at Cuttack for
pasta and vermicelli production in FY14, which has resulted in
enhancing its market visibility by entering into the pasta segment,
thereby leading to a healthy growth in the topline.
JAY BHARAT SPICES: ICRA Keeps B+ Debt Ratings in Not Cooperating
----------------------------------------------------------------
ICRA has kept the Long-Term rating of Jay Bharat Spices Private
Limited (JBSPL) in the 'Issuer Not Cooperating' category. The
rating is denoted as "[ICRA]B+(Stable); ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Fund Based- 13.00 [ICRA]B+(Stable) ISSUER NOT
Cash Credit COOPERATING; Rating continues
to remain under 'Issuer Not
Cooperating' category
Fund Based- 1.95 [ICRA]B+(Stable) ISSUER NOT
Term Loan COOPERATING; Rating continues
to remain under 'Issuer Not
Cooperating' category
As part of its process and in accordance with its rating agreement
with JBSPL, ICRA has been trying to seek information from the
entity so as to monitor its performance. Further, ICRA has been
sending repeated reminders to the entity for payment of
surveillance fee that became due. Despite multiple requests by
ICRA, the entity's management has remained non-cooperative. In the
absence of requisite information and in line with the aforesaid
policy of ICRA, the rating has been continued to the "Issuer Not
Cooperating" category. The rating is based on the best available
information.
JBSPL was established in 2003 at Cuttack, Odisha. The company is
engaged in the business of procuring whole spices and grind the
same into spice powder which is marketed under the brand "Bharat".
The product portfolio for JBSPL is fairly wide and includes spices
like Turmeric, chilli, jeera, and dhania. It also sells the 3
produce of JBFPPL (pasta, chua, atta etc.) to markets outside
Odisha through its established networks of traders and dealers.
The distribution network for JBSPL is spread across various states
including Orissa, Andhra Pradesh, West Bengal, Jharkhand etc. On
account of severe competition from various local and branded
players, the company has to incur large expenditure on advertising
and sales promotion of its products. JBSPL also markets and sells
the products of its group company - Jay Bharat Food Process Pvt.
Ltd. (JBFPPL) to dealers outside Odisha.
KAY BOUVET: ICRA Keeps D Debt Ratings in Not Cooperating Category
-----------------------------------------------------------------
ICRA has kept the Long-Term and Short-Term ratings for the Bank
Facility of Kay Bouvet Engineering Limited (Unit-I) in the 'Issuer
Not Cooperating' category. The ratings are denoted as
"[ICRA]D;ISSUER NOT COOPERATING/[ICRA]D;ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Short-term 300.00 [ICRA]D; ISSUER NOT COOPERATING;
Non-fund based Rating continues to remain under
Others 'Issuer Not Cooperating'
Category
Long-term- 41.00 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Term Loan 'Issuer Not Cooperating'
Category
Long-term- 110.00 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Cash Credit 'Issuer Not Cooperating'
Category
As part of its process and in accordance with its rating agreement
with Kay Bouvet Engineering Limited (Unit-I), ICRA has been trying
to seek information from the entity so as to monitor its
performance. Further, ICRA has been sending repeated reminders to
the entity for payment of surveillance fee that became due. Despite
multiple requests by ICRA, the entity's management has remained
non-cooperative. In the absence of requisite information and in
line with the aforesaid policy of ICRA, the rating has been
continued to the "Issuer Not Cooperating" category. The rating is
based on the best available information.
KBEL was incorporated in 1993 to manufacture heavy engineering
fabrication and machining components. Prime objective of the
company was to manufacture machinery for sugar plants and erect
complete sugar plants on turnkey basis. KBEL purchased a design for
cane crushing plant from Jean Bouvet and Associates, USA in 1998
but currently there is no transaction between the two entities.
Jean Bouvet and Associates have a small equity holding of 1.3% in
KBEL.
KBEL established a new division called Special Products Division
(SPD) in 2000. The division was established with an intention to
diversify into other business verticals. SPD serves two categories.
First category (SPD I) manufactures components of Nuclear Power
Plants, Defence equipment, Atomic research equipment and
refineries. The second category (SPD II) supplies components to
Cement and Steel plant OEMs. The company has three manufacturing
facilities, two in Satara, Maharshtra and one in Yamunanagar,
Haryana.
KOHINOOR HOSPITALS: ICRA Keeps D Debt Ratings in Not Cooperating
----------------------------------------------------------------
ICRA has kept the Long-Term ratings for the Bank Facility of
Kohinoor Hospitals Private Limited (KHPL) in the 'Issuer Not
Cooperating' category. The ratings are denoted as "[ICRA]D;ISSUER
NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 21.80 [ICRA]D; ISSUER NOT COOPERATING;
Unallocated Rating Continues to remain under
'Issuer Not Cooperating'
Category
Long-term 35.61 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Term Loan 'Issuer Not Cooperating'
Category
As part of its process and in accordance with its rating agreement
with KHPL, ICRA has been trying to seek information from the entity
so as to monitor its performance. Further, ICRA has been sending
repeated reminders to the entity for payment of surveillance fee
that became due. Despite multiple requests by ICRA, the entity's
management has remained non-cooperative. In the absence of
requisite information and in line with the aforesaid policy of
ICRA, the rating has been continued to the "Issuer Not Cooperating"
category. The rating is based on the best available information.
Incorporated in May 2007, Kohinoor Hospitals Private Limited (KHPL)
was promoted by the Mumbai-based Kohinoor Group, as part of the
Group's endeavor to venture into the healthcare sector. KHPL has
set up a 147bed multispecialty hospital at the Kurla suburb of
Mumbai, which became operational in FY2011. The project is a part
of an integrated township project being undertaken by the Group.
KHPL's board of members comprises Mr. Unmesh Manohar Joshi, Ms.
Anagha Manohar Joshi and Ms. Madhavi Unmesh Joshi.
KRANO MINERALS: ICRA Moves B+ Debt Ratings to Not Cooperating
-------------------------------------------------------------
ICRA has moved the ratings for the bank facilities of Krano
Minerals (KM) to the 'Issuer Not Cooperating' category on account
of inadequate information regarding its performance uncertainty
regarding its credit risk. The rating is denoted as '[ICRA]B+
(Stable); ISSUER NOT COOPERATING'/[ICRA]A4; ISSUER NOT
COOPERATING'. ICRA assesses whether the information available about
the entity is commensurate with its rating and reviews the same as
per its 'policy in respect of non-cooperation by rated entity'
available at www.icra.in. The lenders, investors and other market
participants are thus advised to exercise appropriate caution while
using the rating as it may not adequately reflect the entity's
credit risk profile.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 2.90 [ICRA]B+ (Stable) ISSUER NOT
Fund Based- COOPERATING; Rating moved to
Term Loan 'Issuer Not Cooperating'
category
Long Term- 2.80 [ICRA]B+ (Stable) ISSUER NOT
Fund Based- COOPERATING; Rating moved to
Cash Credit 'Issuer Not Cooperating'
category
Short-term 0.30 [ICRA]A4; ISSUER NOT
Non-fund based COOPERATING; Rating moved to
Others 'Issuer Not Cooperating'
Category
As a part of its process and in accordance with its rating
agreement with Krano Minerals, ICRA has been trying to seek
information from the entity so as to monitor its performance.
Further, ICRA has been sending repeated reminders to the entity for
payment of surveillance fee that became due. Despite multiple
requests by ICRA, the entity's management has remained
non-cooperative. In the absence of requisite information and in
line with the aforesaid policy of ICRA, a rating view has been
taken on the entity based on the best available information.
Established in March 2018, KM commenced commercial production in
April 2019, with its product profile comprising body clay, which is
used as a key raw material in manufacturing ceramic tiles. KM's
manufacturing unit is located at Morbi, the ceramic tile
manufacturing hub of Gujarat and is equipped to manufacture
1,35,000 metric tonne (MT) of body clay per annum.
LEXUS GRANITO: ICRA Keeps D Debt Ratings in Not Cooperating
-----------------------------------------------------------
ICRA has kept the Debenture Programme and Long-Term and Short -term
rating for the Bank facilities of Lexus Granito (India) Limited
(LGPL) in the 'Issuer Not Cooperating' category. The rating are
denoted as "[ICRA]D;ISSUER NOT COOPERATING/[ICRA]D; ISSUER NOT
COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Short-term 6.20 [ICRA]D; ISSUER NOT COOPERATING;
Non-fund based Rating continues to remain under
Others 'Issuer Not Cooperating'
Long Term- 15.00 [ICRA]D; ISSUER NOT COOPERATING;
Non convertible Rating continues to remain
Debentures (NCD) under 'Issuer Not Cooperating'
category
Long-term- 36.00 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Cash Credit 'Issuer Not Cooperating'
Category
Long-term- 26.68 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Term Loan 'Issuer Not Cooperating'
Category
Short Term- (15.75) [ICRA]D; ISSUER NOT COOPERATING;
Interchangeable Rating Continues to remain under
'Issuer Not Cooperating'
Category
As part of its process and in accordance with its rating agreement
with LGPL, ICRA has been trying to seek information from the entity
so as to monitor its performance. Further, ICRA has been sending
repeated reminders to the entity for payment of surveillance fee
that became due. Despite multiple requests by ICRA, the entity's
management has remained non-cooperative. In the absence of
requisite information and in line with the aforesaid policy of
ICRA, the rating has been continued to the "Issuer Not Cooperating"
category. The rating is based on the best available information.
Lexus Granito (India) Private Limited (LGPL) was established as
private limited company in 2010 under leadership of Mr. Babulal
Detroja. The company's name was revised to "Lexus Granito (India)
Limited" following the issuance of fresh certificate of
incorporation dated April 28, 2017, by Registrar of Companies,
Ahmedabad. LGL has the capacity to produce 24,00,000 boxes of wall
tiles per annum offered in dimension of 300X450 mm. in FY2016, the
company set up a new production line of vitrified tiles with the
aim to expand its product portfolio. At present, the production
capacity for vitrified tiles stands at 36,00,000 boxes per annum.
Lexus offers double charged vitrified tiles in the size of 600X600
mm and 600X1200 mm. Accordingly, the aggregate production capacity
stands at ~60,00,000 boxes per annum. The manufacturing facility is
located at Morbi, Gujarat which is one of the key ceramic
manufacturing clusters in India.
MADHAV GINNING: Liquidation Process Case Summary
------------------------------------------------
Debtor: Madhav Ginning and Pressing Private Limited
Survey No.768, Ahmedabad Highway,
Near Suddheshwar Temple, Jasdan
Gujarat, India, 360050
Liquidation Commencement Date: January 7, 2025
Court: National Company Law Tribunal, Ahmedabad Bench
Liquidator: Indira Suresh Vora
A/2, Shivpujan Duplex,
Nr. Shailganga Society,
Chandkheda, Ahmedabad -382424
E-mail Id: indira.vora@yahoo.com
Last date for
submission of claims: February 6, 2025
MOONLIGHT MARBLES: ICRA Keeps D Debt Ratings in Not Cooperating
---------------------------------------------------------------
ICRA has kept the Long-term rating of Moonlight Marbles Private
Limited (MMPL) in the 'Issuer Not Cooperating' category. The rating
is denoted as [ICRA]D; ISSUER NOT COOPERATING."
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long-term- 12.00 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Cash Credit 'Issuer Not Cooperating'
Category
Long-term- 0.54 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Term Loan 'Issuer Not Cooperating'
Category
As part of its process and in accordance with its rating agreement
with MMPL, ICRA has been trying to seek information from the entity
so as to monitor its performance. Further, ICRA has been sending
repeated reminders to the entity for payment of surveillance fee
that became due. Despite multiple requests by ICRA, the entity's
management has remained non-cooperative. In the absence of
requisite information and in line with the aforesaid policy of
ICRA, the rating has been continued to the "Issuer Not Cooperating"
category. The rating is based on the best available information.
MMPL was established in 1990 and is involved in processing of
marbles. The manufacturing facility of the company is located at
Rajasamand, Rajasthan. It mainly sells its products in India, with
some exports to countries in Europe and the Middle East.
PANDA TECHNOLOGIES: Insolvency Resolution Process Case Summary
--------------------------------------------------------------
Debtor: Panda Technologies India Private Limited
Registered Address:
24-1st Floor, Zone-II M.P. Nagar,
Bhopal, Madhya Pradesh, India, 462011
Insolvency Commencement Date: January 21, 2025
Court: National Company Law Tribunal, Indore Bench
Estimated date of closure of
insolvency resolution process: July 20, 2025
Insolvency professional: Mangesh Vitthal Kekre
Interim Resolution
Professional: Mangesh Vitthal Kekre
607, Chetak Center, RNT Marg,
Near Hotel Shreemaya, Indore,
Madhya Pradesh - 452001
Email: ca.mangesh@gmail.com
Email: ip.pandatech@gmail.com
Last date for
submission of claims: February 4, 2025
PD CORPORATION: ICRA Keeps D Debt Ratings in Not Cooperating
------------------------------------------------------------
ICRA has kept the Long-Term and Short Term ratings of PD
Corporation Private Limited (PDCPL) in the 'Issuer Not Cooperating'
category. The rating are denoted as "[ICRA]D; ISSUER NOT
COOPERATING/[ICRA]D; ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long-term- 10.50 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Cash Credit 'Issuer Not Cooperating'
Category
Long-term- 12.12 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Term Loan 'Issuer Not Cooperating'
Category
Short-term 0.60 [ICRA]D; ISSUER NOT COOPERATING;
Non-fund based Rating continues to remain under
Others 'Issuer Not Cooperating'
Category
As part of its process and in accordance with its rating agreement
with PDCPL, ICRA has been trying to seek information from the
entity so as to monitor its performance. Further, ICRA has been
sending repeated reminders to the entity for payment of
surveillance fee that became due. Despite multiple requests by
ICRA, the entity's management has remained non-cooperative. In the
absence of requisite information and in line with the aforesaid
policy of ICRA, the rating has been continued to the "Issuer Not
Cooperating" category. The rating is based on the best available
information.
PD Corporation Private Limited (PDCPL), incorporated in August,
2011, commenced commercial from January 2013. It is engaged in job
work for embroidery, sale of embroidered saris and trading of
fabric. The company has installed 87 embroidery machines having a
total capacity of 32 crore stiches per annum. The processing site
is located at Surat, Gujarat.
RAJ EVENTS: ICRA Keeps D Debt Rating in Not Cooperating Category
----------------------------------------------------------------
ICRA has kept the Long-Term ratings for the Bank Facility of Raj
Events and Entertainment Private Limited (REE) in the 'Issuer Not
Cooperating' category. The ratings are denoted as "[ICRA]D;ISSUER
NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long-term- 26.50 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Cash Credit 'Issuer Not Cooperating'
Category
As part of its process and in accordance with its rating agreement
with REE, ICRA has been trying to seek information from the entity
so as to monitor its performance. Further, ICRA has been sending
repeated reminders to the entity for payment of surveillance fee
that became due. Despite multiple requests by ICRA, the entity's
management has remained non-cooperative. In the absence of
requisite information and in line with the aforesaid policy of
ICRA, the rating has been continued to the "Issuer Not Cooperating"
category. The rating is based on the best available information.
Raj Events & Entertainment Private Limited (REE) is engaged in the
newspaper publishing business and publishes the 'Raj Express' Hindi
newspaper in four editions namely Bhopal, Indore, Jabalpur and
Gwalior in Madhya Pradesh. The company has offices across Delhi,
Mumbai and Madhya Pradesh. The company initially started a local
media channel in Bhopal in the name of 'Raj TV' in May 2004 with
channel going on air by 2007 broadcasting to various cities across
Madhya Pradesh. The company had entered into a partnership with
DIGI Cable Network for the distribution of the media channel. In
2010, the company dissolved the partnership and sold off the 50%
stake in Raj TV to Digi Cable Network. During 2006-07, the company
had launched the Hindi newspaper Raj Express in Bhopal later
expanding to Indore and other cities in MP. The company is handled
by the Mehta family, with Mr. Sanjay Mehta handling the overall
operations of the company, Mrs. Seema Mehta handling the editorial
section and Mr. Sandeep Mehta handling the finance and distribution
for the company.
ROYAL POWER: ICRA Keeps D Debt Ratings in Not Cooperating
---------------------------------------------------------
ICRA has kept the Long-Term and Short-Term ratings for the Bank
Facility of Royal Power Turnkey Implements Private Limited in the
'Issuer Not Cooperating' category. The ratings are denoted as
"[ICRA]D;ISSUER NOT COOPERATING/[ICRA]D;ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Short-term 8.75 [ICRA]D; ISSUER NOT COOPERATING;
Non Fund based Rating continues to remain
Others under 'Issuer Not Cooperating'
Category
Long-term- 6.25 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating continues to remain
Cash Credit under 'Issuer Not Cooperating'
category
As part of its process and in accordance with its rating agreement
with Royal Power Turnkey Implements Private Limited, ICRA has been
trying to seek information from the entity so as to monitor its
performance. Further, ICRA has been sending repeated reminders to
the entity for payment of surveillance fee that became due. Despite
multiple requests by ICRA, the entity's management has remained
non-cooperative. In the absence of requisite information and in
line with the aforesaid policy of ICRA, the rating has been
continued to the "Issuer Not Cooperating" category. The rating is
based on the best available information.
Incorporated in 2011, Royal Power Turnkey Implements Private
Limited is engaged in executing turnkey power projects for various
Government departments in Maharashtra, Goa and Chhattisgarh. The
company is a registered class 'A' contractor with different states
and local governing bodies. Prior to 2011, the promoter, Mr. K.K
Koshy, was engaged in a similar business segment of designing and
constructing electricity infrastructure as well as commissioning
lighting infrastructure and sub-stations through a proprietorship
concern, Royal Electricals.
SANWARIYAJI BUSINESS: Insolvency Resolution Process Case Summary
----------------------------------------------------------------
Debtor: Sanwariyaji Business Ventures Private Limited
Registered Address:
59, Mansarovar Colony Kalwar Road,
Jhotwara, Jaipur, Rajasthan, India 302012
Insolvency Commencement Date: January 22, 2025
Court: National Company Law Tribunal, Mumbai Bench
Estimated date of closure of
insolvency resolution process: July 21, 2025
Insolvency professional: Vikas Khiyani
Interim Resolution
Professional: Vikas Khiyani
910, 9th Floor, Ajmera Sikova,
Opposite Damodar Park, Nityanand Nagar,
Ghatkopar West, Mumbai - 400086
Email: Cavikas.khiyani@gmail.com
Email: cirp.sanwariyaji2025@gmail.com
Last date for
submission of claims: February 5, 2025
SHIGA ENERGY: ICRA Keeps D Debt Ratings in Not Cooperating
----------------------------------------------------------
ICRA has kept the Long-Term and Short-Term ratings for the Bank
Facility of Shiga Energy Private Limited (SEPL) in the 'Issuer Not
Cooperating' category. The ratings are denoted as "[ICRA]D;ISSUER
NOT COOPERATING/[ICRA]D;ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long-term/ 45.05 [ICRA]D/[ICRA]D; ISSUER NOT
Short Term COOPERATING; Rating Continues
Non Fund Based to remain under 'Issuer Not
Others Cooperating' Category
Short-term 4.95 [ICRA]D; ISSUER NOT
Non-fund based COOPERATING; Continues to
Others remain under the 'Issuer Not
Cooperating' Category
As part of its process and in accordance with its rating agreement
with SEPL, ICRA has been trying to seek information from the entity
so as to monitor its performance. Further, ICRA has been sending
repeated reminders to the entity for payment of surveillance fee
that became due. Despite multiple requests by ICRA, the entity's
management has remained non-cooperative. In the absence of
requisite information and in line with the aforesaid policy of
ICRA, the rating has been continued to the "Issuer Not Cooperating"
category. The rating is based on the best available information.
Tashiding Hydro Electric Project (THEP) is being developed by
SEPL(Shiga Energy Private Limited) on the Build,Own, Operate
andTransfer (BOOT) model. THEP is located in West Sikkim envisages
the utilization of the flow of Rathong Chhu, a tributary of Rangit
River for generating 97MW of electric power through two units of
48.5MW each. SEPL has a MOU with Sikkim Government which entails
free sale of power to the Sikkim Government. SEPL would supply free
power to the extent of 12% of the power generated for the first
fifteen years and 15% of the power generated for the next twenty
years.
SHRINATHJI BUSINESS: Insolvency Resolution Process Case Summary
---------------------------------------------------------------
Debtor: Shrinathji Business Ventures Private Limited
Registered Address:
171, Officer Campus Extn. Sirsi Road,
Jaipur, Rajasthan, India – 302021
Insolvency Commencement Date: January 22, 2025
Court: National Company Law Tribunal, Mumbai Bench
Estimated date of closure of
insolvency resolution process: July 21, 2025
Insolvency professional: Vikas Khiyani
Interim Resolution
Professional: Vikas Khiyani
910, 9th Floor, Ajmera Sikova,
Opposite Damodar Park, Nityanand Nagar,
Ghatkopar West, Mumbai - 400086
Email: Cavikas.khiyani@gmail.com
Email: cirp.sanwariyaji2025@gmail.com
Last date for
submission of claims: February 5, 2025
SRINIVASA EDUCATIONAL: ICRA Keeps D Rating in Not Cooperating
-------------------------------------------------------------
ICRA has kept the Long-term rating of Srinivasa Educational Trust
(SET) in the 'Issuer Not Cooperating' category. The rating is
denoted as [ICRA]D; ISSUER NOT COOPERATING."
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long-term- 10.25 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating moved to the 'Issuer Not
Term Loan Cooperating' Category
As part of its process and in accordance with its rating agreement
with SET, ICRA has been trying to seek information from the entity
so as to monitor its performance. Further, ICRA has been sending
repeated reminders to the entity for payment of surveillance fee
that became due. Despite multiple requests by ICRA, the entity's
management has remained non-cooperative. In the absence of
requisite information and in line with the aforesaid policy of
ICRA, the rating has been continued to the "Issuer Not Cooperating"
category. The rating is based on the best available information.
Established in 1992, Srinivasa Educational Trust (SET) offers
primary, secondary, and higher education in the Krishnagiri
districtof Tamil Nadu. SET was established by Dr. S.
Thirumalmurugan and the Trust runs four educational institutions
located inUthangiri, Krishnagiri. SET had a total strength of 5,749
students in the academic year (AY) 2021-22 against 6,257 students
in AY 2020-21.
SUNBLINK REAL ESTATE: Insolvency Resolution Process Case Summary
----------------------------------------------------------------
Debtor: Sunblink Real Estate Private Limited
Registered Address:
Office No. 502, Madhava,
Plot No. C-4, E Block, Bke,
Bandra (East), Mumbai City,
Mumbai, Maharashtra, India 400051
Insolvency Commencement Date: January 22, 2025
Court: National Company Law Tribunal, Mumbai Bench - I
Estimated date of closure of
insolvency resolution process: July 21, 2025
Insolvency professional: Anshul Gupta
Interim Resolution
Professional: Anshul Gupta
Truvisory Insolvency Professionals Pvt. Ltd.
1501, Tower No. 4, Spring Grove Towers
Lokhandwala Township, Kandivali East, Mumbai 400101
Email: contactanshulgupta@gmail.com
Last date for
submission of claims: February 5, 2025
TULIP HOTELS: Voluntary Liquidation Process Case Summary
--------------------------------------------------------
Debtor: TULIP HOTELS PVT LTD
Basement Chandermukhi
Behind The Oberoi, Mumbai - 400021
Liquidation Commencement Date: January 16, 2025
Court: National Company Law Tribunal, Mumbai Bench
Liquidator: Krishna Gopal Ratanlal Maheshwari
602, Rajendra Ratna, Mahesh Nagar,
S V Road, Goregaon (W), Mumbai City,
Maharashtra - 400104
Email: 1kgmaheshwari@gmail.com
-- and --
Primus Insolvency Resolution & Valuation Pvt. Ltd.
408, 4th Floor, Manish Chambers,
Sonawala Road, Goregaon (East),
Mumbai, Maharashtra- 400063
Email: liq.tuliphotels@primusresolutions.in
Last date for
submission of claims: February 15, 2025
VIDARBHA INDUSTRIES: ICRA Keeps D Debt Ratings in Not Cooperating
-----------------------------------------------------------------
ICRA has kept the ratings for the bank facilities of Vidarbha
Industries Power Limited (VIPL) in the Issuer Not-Cooperating
category. The rating is denoted as [ICRA]D/[ICRA]D; ISSUER NOT
COOPERATING.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long-term 2,654.24 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Term Loan 'Issuer Not Cooperating'
Category
Short-term 500.00 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Cash Credit 'Issuer Not Cooperating'
Category
Short-term 110.00 [ICRA]D; ISSUER NOT COOPERATING;
Non-fund based Rating continues to remain under
'Issuer Not Cooperating'
Category
Rationale
As part of its process and in accordance with its rating agreement
with VIPL, ICRA has been trying to seek information from the entity
to monitor its performance. Further, ICRA has been sending repeated
reminders to the entity for payment of surveillance fee that became
due. Despite multiple requests by ICRA, the entity's management has
remained non-cooperative. In the absence of requisite information
and in line with the aforesaid policy of ICRA, the rating continues
to remain under "Issuer Not Cooperating" category. The rating is
based on the best available information.
Vidarbha Industries Power Limited (VIPL) operates a domestic
coal-based project with a capacity of 600 MW (2X300 MW) at the
Butibori Industrial Area in Nagpur, Maharashtra. It was previously
a subsidiary of Reliance Power Limited (RPL). However, in September
2024, RPL has settled all disputes with CFM Asset Reconstruction
Private Limited (CFM) and 100% shares of VIPL have been pledged in
favour of CFM against the release and discharge of corporate
guarantee given by RPL. Hence, VIPL ceased to be subsidiary of RPL
from September 2024. VIPL is currently undergoing corporate
insolvency resolution process vide National Company Law Tribunal
(NCLT) order dated September 30, 2024.
VIDYA PRASARINI: ICRA Keeps D Debt Ratings in Not Cooperating
-------------------------------------------------------------
ICRA has kept the Long-term and Short Term rating of Vidya
Prasarini Sabha (VPS) in the 'Issuer Not Cooperating' category. The
ratings are denoted as [ICRA]D; ISSUER NOT COOPERATING/[ICRA]D;
ISSUER NOT COOPERATING."
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long-term- 13.45 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Term Loan 'Issuer Not Cooperating'
Category
Long-term/ 0.30 [ICRA]D/[ICRA]D; ISSUER NOT
Short Term COOPERATING; Rating Continues to
Unallocated remain under 'Issuer Not
Cooperating' Category
As part of its process and in accordance with its rating agreement
with VPS, ICRA has been trying to seek information from the entity
so as to monitor its performance. Further, ICRA has been sending
repeated reminders to the entity for payment of surveillance fee
that became due. Despite multiple requests by ICRA, the entity's
management has remained non-cooperative. In the absence of
requisite information and in line with the aforesaid policy of
ICRA, the rating has been continued to the "Issuer Not Cooperating"
category. The rating is based on the best available information.
Vidya Prasarini Sabha (VPS) was established in 1923 with an aim to
provide education to various verticals of the society. At present,
VPS runs around twenty-two education institutes in Pune and
Lonavala, which includes Engineering college, BSC College, BCA
College, Jr. Colleges, high schools and Institutes for computer
courses with a total strength of around 11,800 students, of which
around 7400 students come under government sponsored schools while
remaining 4400 students come under private schools, Jr. Colleges
and other institutes.
VIJAY TRADING: ICRA Keeps D Debt Rating in Not Cooperating
----------------------------------------------------------
ICRA has kept the Long-Term ratings for the Bank Facility of Vijay
Trading Company (VTC) in the 'Issuer Not Cooperating' category. The
ratings is denoted as "[ICRA]D;ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long-term- 10.00 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Cash Credit 'Issuer Not Cooperating'
Category
As part of its process and in accordance with its rating agreement
with VTC, ICRA has been trying to seek information from the entity
so as to monitor its performance. Further, ICRA has been sending
repeated reminders to the entity for payment of surveillance fee
that became due. Despite multiple requests by ICRA, the entity's
management has remained non-cooperative. In the absence of
requisite information and in line with the aforesaid policy of
ICRA, the rating has been continued to the "Issuer Not Cooperating"
category. The rating is based on the best available information.
Vijay Trading Company (VTC), partnership firm incorporated in March
2014 with Mrs. Sita Rani and Mr. Rakesh Kumar as its Partners, by
way of conversion of the proprietorship firm Vijay Trading Company.
The firm is engaged in trading of cotton and mustard seeds, cakes
and oil, cattle feeds, refined oil and other food grains and agro
product. The firm operates out of its office situated at Muktsar,
Punjab.
VINAR ISPAT: ICRA Lowers Rating on INR15cr LT Loan to D
-------------------------------------------------------
ICRA has revised the ratings on certain bank facilities of Vinar
Ispat Limited, as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long-term- 15.00 [ICRA]D;ISSUER NOT COOPERATING;
Fund based- Rating downgraded from
Cash Credit from [ICRA]B+(Stable); ISSUER
NOT COOPERATING and continues to
remain under 'Issuer Not
Cooperating' category
Short-term- (2.75) [ICRA]D;ISSUER NOT COOPERATING;
Interchangeable Rating downgraded from
Others from [ICRA]B+(Stable); ISSUER
NOT COOPERATING and continues to
remain under 'Issuer Not
Cooperating' category
Rationale
* Material event: The rating of Vinar Ispat Limited is downgrade
reflects Delay in Debt Repayment as mentioned in the Publicly
available sources.
* Impact of material event: The rating is based on limited
information on the entity's performance since the time it was last
rated November 2023. The lenders, investors and other market
participants are thus advised to exercise appropriate caution while
using this rating as the rating may not adequately reflect the
credit risk profile of the entity, despite the downgrade.
As part of its process and in accordance with its rating agreement
with Vinar Ispat Limited, ICRA has been trying to seek information
from the entity so as to monitor its performance. Further, ICRA has
been sending repeated reminders to the entity for payment of
surveillance fee that became due. Despite multiple requests by
ICRA, the entity's management has remained non-cooperative. In the
absence of requisite information and in line with the aforesaid
policy of ICRA, the rating has been continued to the "Issuer Not
Cooperating" category. The rating is based on the best available
information.
Established in 1991, Vinar Ispat Limited is engaged in the
manufacturing of mild steel angles, channels, bars, flats etc. and
has two manufacturing units located at Chandrapur in Maharashtra
and Jabalpur in Madhya Pradesh. Both the manufacturing facilities
are approved by the Bureau of Indian Standards and Power Grid
Corporation of India Ltd. The Company has installed rolling
capacities of 75,000 MTPA at Chandrapur and 25,000 MTPA at
Jabalpur. The products manufactured by VIL find application mainly
in the transmission line tower (TLT) manufacturing business.
WOMEN'S NEXT: ICRA Keeps D Debt Rating in Not Cooperating
---------------------------------------------------------
ICRA has kept the Long-term rating of Women's Next Loungeries
Limited (WNLL) in the 'Issuer Not Cooperating' category. The rating
is denoted as [ICRA]D; ISSUER NOT COOPERATING."
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long-term- 12.50 [ICRA]D; ISSUER NOT COOPERATING;
Fund based Rating Continues to remain under
Cash Credit 'Issuer Not Cooperating'
Category
As part of its process and in accordance with its rating agreement
with WNLL, ICRA has been trying to seek information from the entity
so as to monitor its performance. Further, ICRA has been sending
repeated reminders to the entity for payment of surveillance fee
that became due. Despite multiple requests by ICRA, the entity's
management has remained non-cooperative. In the absence of
requisite information and in line with the aforesaid policy of
ICRA, the rating has been continued to the "Issuer Not Cooperating"
category. The rating is based on the best available information.
Women's Next Loungeries Limited (WNLL) was incorporated in December
2010 as Shiv Lingeries Private Limited (SSPL). The Company was
founded by Mr. Bhavesh Bhanushali who has over 15 years of
expertise in textile industry. The company is engaged in the
business of manufacturing and trading in fancy ladies' lingerie
sold under brand names Valentine Pink'. 'Women's Next'. The
manufacturing facility of WNLL with an annual installed capacity of
6,000,000 pieces is located at Bhiwandi, Maharasthra. The entity
earns its revenues mainly from the domestic market and goods are
sold primarily to Ashapura Intimates Fashion Limited (rated CARE
BBB+). Apart from manufacturing of ladies' innerwear, the company
is also engaged in trading of fabric.
=====================
N E W Z E A L A N D
=====================
BRIGHT SPARK: Liquidators Brace for Millions in Warranty Claims
---------------------------------------------------------------
The New Zealand Herald reports that the liquidators of Manta5, the
failed Hamilton hydrofoiling aquabike maker, are facing millions in
warranty claims - more than tripling the potential amount owed so
far to around NZD3.4 million, with the final total still being
established.
Paul Thomas Manning and Jessica Jane Kellow of BDO on April 16,
2024, were appointed as administrators of Manta5 LP and Bright
Spark Innovations GP Limited.
They were later appointed as the liquidators at a meeting on May
21, 2024, where the creditors passed a resolution placing the
company into liquidation.
As reported in the Troubled Company Reporter-Asia Pacific in late
November 2024, Bright Spark Innovations GP Limited owes nearly NZD4
million to creditors.
An Administrator Summary Report submitted to the Companies Office
showed by the end of administration, Bright Spark Innovations GP
Limited - the company behind Manta5 - had a total of 61 creditors
including one secured creditor, 14 preferential creditors, and 46
unsecured creditors, Waikato Times relayed.
Claims totalling NZD3,823,647.60 were made on the company, with 89%
of it claimed by unsecured creditors. Total administrator fees at
the time of the report amounted to NZD92,255.72.
Waikato Times, citing first liquidator report published in May
2024, discloses that unsecured creditors included Callaghan
Innovation at NZD409,058, and a small business loan from Inland
Revenue at NZD27,018.
CLOUDY BAY: Court to Hear Wind-Up Petition on Feb. 25
-----------------------------------------------------
A petition to wind up the operations of Cloudy Bay Marine Limited
will be heard before the High Court at Wellington on Feb. 25, 2025,
at 10:00 a.m.
Bank of New Zealand filed the petition against the company on Dec.
13, 2024.
The Petitioner's solicitor is:
Richard James Gordon
MinterEllisonRuddWatts
BNZ Place Level 5
1 Whitmore Street
Wellington 6011
DURASTEEL STRUCTURES: Khov Jones Appointed as Receivers
-------------------------------------------------------
Steven Khov and Kieran Jones of Khov Jones on Jan. 31, 2025, were
appointed as receivers and managers of Durasteel Structures
Limited.
The receivers and managers may be reached at:
Khov Jones Limited
PO Box 302261
North Harbour
Auckland 0751
LIPSCO INVESTMENTS: Creditors' Proofs of Debt Due on March 7
------------------------------------------------------------
Creditors of Lipsco Investments Pty Limited are required to file
their proofs of debt by March 7, 2025, to be included in the
company's dividend distribution.
The company commenced wind-up proceedings on Jan. 28, 2025.
The company's liquidator is:
Craig Young
PO Box 87340
Auckland
MOBILE PLANT: Court to Hear Wind-Up Petition on March 10
--------------------------------------------------------
A petition to wind up the operations of Mobile Plant Repairs (2011)
Limited will be heard before the High Court at Hamilton on March
10, 2025, at 10:45 a.m.
The Commissioner of Inland Revenue filed the petition against the
company on Nov. 28, 2024.
The Petitioner's solicitor is:
Christina Anne Hunt
Inland Revenue, Legal Services
21 Home Straight
PO Box 432
Hamilton
PROSPECT TERRACES: Creditors' Proofs of Debt Due on Feb. 15
-----------------------------------------------------------
Creditors of Prospect Terraces Limited are required to file their
proofs of debt by Feb. 15, 2025, to be included in the company's
dividend distribution.
The company commenced wind-up proceedings on Jan. 15, 2025.
The company's liquidators are:
Gareth Russel Hoole
Raymond Paul Cox
Ecovis KGA Limited, Chartered Accountants
Level 2, 5–7 Kingdon Street
Newmarket
Auckland 1023
=====================
P H I L I P P I N E S
=====================
ASIAN MARITIME: Lenders Seek Payments of Nearly PHP5BB Loans
------------------------------------------------------------
Manila Standard reports that Development Bank of the Philippines
(DBP) and Land Bank of the Philippines (LBP) are seeking payments
of nearly PHP5 billion from Asian Maritime Transport Corp. (AMTC),
whose listed president and chief executive officer is Paul Y.
Rodriguez.
AMTC, which borrowed money as early as 2009, provides end-to-end
transport and logistics services as well as shipping services for
inter-island passengers and cargoes. It prides itself as the
largest ship-tonnage owner and operator in the Philippines, serving
32 ports of call.
Manila Standard says the weight of the bank loans, however, is too
heavy for AMTC to carry. Its four operational routes that ferry
passengers and cargo from Camiguin to Cebu and Bohol seem not
enough to keep it afloat.
DBP on December 6, 2024 sent AMTC a final demand letter to settle
its "past due loan obligation" amounting to PHP1.479 billion as of
October 31, 2024, Manila Standard relays. The bank deemed AMTC's
account as "past due" since January 31, 2019. This means the
company failed to make payments as stated in its loan agreement
with the DBP one year before the COVID-19 pandemic began.
"Should you fail to make payment or otherwise disregard or ignore
this demand, we shall be constrained to initiate, without further
notice, the appropriate action in court as may be necessary to
enforce and protect the Bank's interest . . . ," DBP warned.
The bank added it could foreclose AMTC's mortgaged properties and
file a criminal or civil case for collection.
Manila Standard relates that DBP sent similar demands to Gold Star
Properties Corp., which has a suretyship agreement with the bank
and AMTC. A suretyship arrangement is a contract in which a third
party pledges to pay a debt if the principal debtor fails to settle
the obligation.
"The bank had been very considerate to AMTC by giving it more than
enough time to settle its obligations by approving the 1st
restructuring of its past due obligation in July 2019," DBP wrote,
noting that the proposed restructuring "was not implemented because
of AMTC's continued failure to comply with the terms and conditions
of the said restructuring."
AMTC's Rodriguez conceded that the company did not have the cash to
settle its past due obligations with the bank and reiterated his
appeal to "mutually find ways that will allow us to make payments
to the extent that we can without crippling or totally stopping the
operations of the company."
"As we have no current means to pay this amount," Rodriguez wrote
in his letter to DBP on September 16, 2024, "we implore you to
reconsider your decision and give us the opportunity to sit down
with you."
DBP felt that it had given AMTC enough time to settle its debts.
"The discussions and/or negotiations pertaining to AMTC's past
obligation with the bank cannot go indefinitely. The bank had
already afforded AMTC more than enough time to settle its past due
obligation with the bank," DBP said. At least six ships of AMTC
were used as collateral to secure the loans, documents showed.
According to Manila Standard, LBP sent a separate demand letter to
AMTC on December 13, 2024 to pay its loan obligation to the bank,
with the outstanding principal reaching "PHP3.413 billion exclusive
of interests, penalty charges and advances."
AMTC's account with LBP includes a short-term loan line and seven
term loans, most of which were taken from UCPB that has been folded
into the state lender. LBP noted that AMTC loans had been
restructured on December 23, 2019 and September 30, 2022, Manila
Standard discloses.
AMTC attached as collateral 12 ships it uses for its operations,
five tractor heads, a fork lift, and two pieces of property in
Batangas province to secure the loans, the report adds.
EMERALD RURAL: Placed Under PDIC Receivership
---------------------------------------------
The Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP)
prohibited Emerald Rural Bank, Inc. from doing business in the
Philippines through MB Resolution No. 77.A dated January 23, 2025,
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 January 24, 2025.
Emerald Rural Bank, Inc. is a single-unit rural bank with Head
Office located at Blk 45 Lot 12 Brgy. Sta. Cruz I, City of San Jose
del Monte, Bulacan. Latest available records show that as of
September 30, 2024, Emerald Rural Bank, Inc. has total deposit
liabilities of PHP26.6 million consisting of 359 deposit accounts,
98.9% of which or PHP26.3 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
PHP500,000.00 per depositor.
Individual account holders and registered entities with valid
deposit balances of PHP500,000.00 and below, that have no
outstanding obligations or have not acted as co makers of
obligations with Emerald Rural Bank, Inc. are not required to file
deposit insurance claims. These individual depositors 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 January 31,
2025 either through the PDIC representatives in the bank premises,
or by sending a scanned copy of said Form and valid ID to email
address, emerald-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 or through Landbank Visa Debit Card and targeted to be
sent via mail starting on February 10, 2025.
For all other depositors, filing of claims for insured deposit is
targeted to start by February 17, 2025.
Borrowers are likewise reminded to continue paying their loan
obligations with the closed Emerald Rural Bank, Inc. and to
transact only with designated and duly authorized 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 February 7, 2025.
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 Emerald Rural Bank, Inc. 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
emerald-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.
JG SUMMIT: Petrochem Unit in Indefinite Commercial Shutdown
-----------------------------------------------------------
BusinessWorld Online reports that Gokongwei-led JG Summit Holdings,
Inc. said its petrochemicals unit, JG Summit Olefins Corp. (JGSOC),
is now on an indefinite commercial shutdown amid "unfavorable
global market conditions."
"Given persisting unfavorable market conditions in the global
petrochemical industry, JGSOC is now on an indefinite commercial
shutdown," JG Summit said in a statement on Jan. 30, notes the
report. "JGSOC continues to evaluate various options to mitigate
the adverse effects of challenging market conditions and will make
the appropriate decision in due course," it added.
According to BusinessWorld, JG Summit said that JGSOC will continue
to sell its existing product inventory during the commercial
shutdown. The conglomerate added that the liquefied petroleum gas
operations of JGSOC's unit, Peak Fuel Corp., will continue.
In November last year, JG Summit infused up to PHO17.1 billion into
JGSOC to cover maturing obligations, recalls BusinessWorld. This as
JGSOC widened its net loss for the first nine months of 2024 to
PHP11.4 billion amid "unfavorable global market conditions."
In January last year, JGSOC inaugurated a PHP150-billion expanded
petrochemical facility in Batangas City, recalls BusinessWorld.
The company markets its petrochemical products to over 30
countries. Some of its products include the olefin raw materials
ethylene and propylene, which are used as feedstock for downstream
polyethylene and polypropylene polymer plants.
BusinessWorld relates that market analysts said that JG Summit
should consider exiting the petrochemicals business amid the
surging losses.
"Unless market conditions change significantly to make the company
profitable, they should consider exiting that business,"
BusinessWorld quotes China Bank Capital Corp. Managing Director
Juan Paolo E. Colet as saying in a Viber message after being sought
for analyst comment.
According to BusinessWorld, Mr. Colet said JGSOC's indefinite
commercial shutdown is the "best decision" under the circumstances
as it has been a "heavy drag" to JG Summit.
"After years of massive losses and no clear prospects for a
sustainable turnaround, there was really no other rational choice
but an indefinite shutdown," he said, notes the report. "This
should be ultimately positive for JG Summit as the group can now
channel more time and resources to their other businesses," he
added.
AP Securities, Inc. Research Analyst Jose Antonio B. Cipres said
that JG Summit should instead shift its capital expenditure budget
to other profitable segments.
"Exiting the business is something worth considering at this point
in time given the current state of continued losses," he said in a
Viber message, according to BusinessWorld. "Not sure as to how long
the earnings would continue to be dragged, but it's safe to assume
that losses should start coming down by the first quarter this
year," he added.
JG Summit Holdings, Inc. operates in the consumer foods,
agro-industrial and commodity food products, and textiles
industries. The Company also invests in real estate, manages hotel,
and provides apartment management services. In addition, JG also
provides banking and financial services, and invests in
telecommunications, petrochemicals, and air transportation
businesses.
=================
S I N G A P O R E
=================
BUBS AND TOTS: Court Enters Wind-Up Order
-----------------------------------------
The High Court of Singapore entered an order on Jan. 17, 2025, to
wind up the operations of Bubs and Tots Swim 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
BUSHEY PARK: Creditors' Proofs of Debt Due on March 3
-----------------------------------------------------
Creditors of Bushey Park Private Limited are required to file their
proofs of debt by March 3, 2025, to be included in the company's
dividend distribution.
The company commenced wind-up proceedings on Jan. 21, 2025.
The company's liquidator is:
Chek Khai Juat
c/o Tricor Singapore
9 Raffles Place
#26-01 Republic Plaza
Singapore 048619
KAI LI: Creditors' Proofs of Debt Due on Feb. 10
------------------------------------------------
Creditors of Kai Li Trading Pte. Ltd. are required to file their
proofs of debt by Feb. 10, 2025, to be included in the company's
dividend distribution.
The company commenced wind-up proceedings on Jan. 21, 2025.
The company's liquidators are:
Mr. Lam Zi Yang
Mr. Tan Jun Zhang, Solomon
Argile Partners
138 Cecil Street
#10-01 Cecil Court
Singapore 069538
NTEGRATOR HOLDINGS: High Court Orders Wind Up of Company
--------------------------------------------------------
Baker Tilly Consultancy (Singapore) has been appointed as the
liquidator of Ntegrator Holdings Limited.
At the court hearing for winding-up applications on January 24,
2025, the Company was ordered to be wound up by the High Court of
the Republic of Singapore, the company said in an SGX
announcement.
Ntegrator said: "The Company respects the Court’s decision, and
it is currently evaluating its options for further action after
receiving the Court's detailed grounds and confirms that the
Group’s operations will remain as usual."
Ntegrator Holdings Limited (SGX:WVJ) is a network infrastructure
integration and voice communication systems specialist. The Company
specializes in designing, installing, and implementing data, video,
fiber optic, wireless, and cellular network and voice
communications systems.
STRAITS TRADING: Creditors' Proofs of Debt Due on March 3
---------------------------------------------------------
Creditors of Straits Trading Metal Asia Pte. Ltd. and Straits
Trading Metal Ventures Pte. Ltd. are required to file their proofs
of debt by March 3, 2025, to be included in the company's dividend
distribution.
The company commenced wind-up proceedings on Jan. 21, 2025.
The company's liquidator is:
Chek Khai Juat
c/o Tricor Singapore
9 Raffles Place
#26-01 Republic Plaza
Singapore 048619
SWISS BUTCHERY: Court to Hear Wind-Up Petition on Feb. 7
--------------------------------------------------------
A petition to wind up the operations of Swiss Butchery (2013)
Private Limited will be heard before the High Court of Singapore on
Feb. 7, 2025, at 10:00 a.m.
Maybank Singapore Limited filed the petition against the company on
Jan. 17, 2025.
The Petitioner's solicitors are:
PK Wong & Nair LLC
2 Shenton Way
#16-02 SGX Centre 1
Singapore 068804
TEIDE LTD: EUR315.8MM Bank Debt Trades at 55% Discount
------------------------------------------------------
Participations in a syndicated loan under which Teide Ltd is a
borrower were trading in the secondary market around 45.1
cents-on-the-dollar during the week ended Friday, January 31, 2025,
according to Bloomberg's Evaluated Pricing service data.
The EUR315.8 million Payment in kind Term loan facility is
scheduled to mature on August 1, 2026. The amount is fully drawn
and outstanding.
The Company's country of domicile is Singapore.
[] SINGAPORE: More Than 3,000 F&B Outlets Closed in 2024
--------------------------------------------------------
CNA Lifestyle reports that over 3,000 F&B establishments in
Singapore closed in 2024, the highest in almost two decades since
2005.
A CNA report shed light on the closures, which are mostly
attributed to dwindling business amidst higher operating costs.
One impending closure is wine bar Wine RVLT, which will shutter
after its current lease ends later this year. It had been operating
at Carpenter Street for almost eight years, and faced challenges in
juggling higher overheads despite seeing fewer customers.
In an Instagram post, the bar's owners announced that their
business was "no longer sustainable and we've decided to call it
quits".
In an interview with CNA, Wine RVLT's director and co-founder Ian
Lim revealed: "We're at the landlord's mercy. We don't have much
negotiating power because we're a single-location operator.
Everything is slowly, slowly creeping up, and we have not changed
our prices over the past few years. Being squeezed from both ends
is not fun."
Wine RVLT's Instagram post also posed the question: "Well a good
time for reflection. Did food get bad and not creative and not
trying? Did service become indifferent and cold and pretentious? As
an operator, I think we [are] still trying to improve but oh
well."
According to CNA, analysts attribute slow business in Singapore's
F&B industry to the strong Singapore dollar, which is pushing
Singaporeans to spend more overseas instead. This is reportedly
coupled with weaker tourism demand from China.
Two F&B brands at Jewel Changi Airport will close their outlets by
this month: Peranakan food doyenne Violet Oon's eponymous
restaurant on Feb. 3, and halal Western restaurant Elfuego on Feb.
28. The latter is opened by local Western chain Collin's.
But new F&B openings still outpace the closures, CNA reported, with
3,793 openings last year. Violet Oon is also setting up a new
restaurant at the scenic Dempsey Hill, which will include "indoor
and outdoor dining spaces set amongst lush greenery".
===============
T H A I L A N D
===============
LOTUS PANG: Iconic Hotel Closes After 33 Years
----------------------------------------------
The Nation reports that the iconic Lotus Pang Suan Kaew Hotel, a
prominent fixture in Chiang Mai for 33 years, has closed its doors,
according to a local news report on January 31.
The hotel welcomed its final guests on January 3, marking the end
of an era for this landmark establishment, The Nation relates.
According to The Nation, the closure leaves a large vacant building
in the heart of Chiang Mai, a stark reminder of the once-bustling
hotel and its associated Kad Suan Kaew shopping centre, which
closed in July 2023.
A post on the "Khon Lanna" Facebook page expressed sadness at the
hotel's demise, recalling its long history since 1992. The post
also noted that Krungthai Bank has put the combined property,
including the hotel and shopping centre, up for sale for THB3
billion, The Nation relays.
The Lotus Pang Suan Kaew Hotel was a popular choice for tourists
and locals alike, known for its luxurious accommodations and
convenient location. Its closure is a significant loss for Chiang
Mai's tourism industry and a poignant moment for those who remember
its heyday.
The future of the site remains uncertain, but the sale listing
suggests that redevelopment is likely, The Nation adds.
===============
X X X X X X X X
===============
[] BOND PRICING: For the Week Jan. 27, 2025 to Jan. 31, 2025
------------------------------------------------------------
Issuer Coupon Maturity Currency Price
------ ------ -------- -------- -----
AUSTRALIA
---------
ACN 113 874 712 PTY 13.25 02/15/18 USD 0.22
ACN 113 874 712 PTY 13.25 02/15/18 USD 0.22
COBURN RESOURCES PTY 12.00 03/20/26 USD 68.98
VIRGIN AUSTRALIA HOL 8.08 03/05/24 AUD 0.32
VIRGIN AUSTRALIA HOL 8.00 11/26/24 AUD 0.32
VIRGIN AUSTRALIA HOL 8.25 05/30/23 AUD 0.38
VIRGIN AUSTRALIA HOL 8.13 11/15/24 USD 0.43
VIRGIN AUSTRALIA HOL 8.13 11/15/24 USD 0.43
VIRGIN AUSTRALIA HOL 7.88 10/15/21 USD 0.46
VIRGIN AUSTRALIA HOL 7.88 10/15/21 USD 0.46
CHINA
-----
ANHUA COUNTY MEISHAN 8.00 03/21/26 CNY 40.00
ANHUA COUNTY MEISHAN 8.00 03/21/26 CNY 41.52
ANHUI PINGTIANHU INV 7.50 08/13/26 CNY 40.00
ANHUI PINGTIANHU INV 7.50 08/13/26 CNY 42.18
ANLU CONSTRUCTION DE 7.80 11/28/26 CNY 40.00
ANLU CONSTRUCTION DE 7.80 11/28/26 CNY 42.84
ANNING DEVELOPMENT I 8.80 09/11/25 CNY 20.68
ANNING DEVELOPMENT I 8.00 12/04/25 CNY 21.01
ANSHANG WANGTONG CON 7.50 05/06/26 CNY 40.98
ANSHANG WANGTONG CON 7.50 05/06/26 CNY 41.63
ANSHUN CITY XIXIU IN 7.90 11/15/25 CNY 20.50
ANSHUN CITY XIXIU IN 7.90 11/15/25 CNY 20.56
ANSHUN CITY XIXIU IN 8.00 01/29/26 CNY 40.74
ANYUE XINGAN CITY DE 7.50 01/30/25 CNY 20.09
ANYUE XINGAN CITY DE 7.50 01/30/25 CNY 20.09
ANYUE XINGAN CITY DE 7.50 05/06/26 CNY 41.25
ANYUE XINGAN CITY DE 7.50 05/06/26 CNY 41.63
BIJIE CITY ANFANG CO 7.80 01/18/26 CNY 40.55
BIJIE CITY ANFANG CO 7.80 01/18/26 CNY 41.11
BIJIE TIANHE URBAN C 8.05 12/03/25 CNY 20.61
BIJIE TIANHE URBAN C 8.05 12/03/25 CNY 21.01
CAOXIAN SHANG DU INV 7.80 10/28/26 CNY 42.55
CAOXIAN SHANG DU INV 7.80 10/28/26 CNY 42.60
CHANGDE DEYUAN INVES 7.70 06/11/25 CNY 20.50
CHANGDE DEYUAN INVES 7.70 06/11/25 CNY 20.50
CHANGDE DINGCHENG JI 7.58 10/19/25 CNY 20.73
CHANGDE DINGCHENG JI 7.58 10/19/25 CNY 20.74
CHENGDU GARDEN WATER 8.00 06/13/25 CNY 20.00
CHENGDU GARDEN WATER 8.00 06/13/25 CNY 20.46
CHISHUI CITY CONSTRU 8.50 01/18/26 CNY 40.58
CHISHUI CITY CONSTRU 8.50 01/18/26 CNY 40.58
CHONGQING HONGYE IND 7.50 12/24/26 CNY 42.88
CHONGQING JIANGLAI I 7.50 10/26/25 CNY 20.00
CHONGQING JIANGLAI I 7.50 10/26/25 CNY 20.84
CHONGQING NANCHUAN C 7.80 08/06/26 CNY 42.20
CHONGQING SHUANGFU C 7.50 09/09/26 CNY 42.61
CHONGQING THREE GORG 7.80 03/01/26 CNY 40.00
CHONGQING THREE GORG 7.80 03/01/26 CNY 41.46
CHONGQING TONGRUI AG 7.50 09/18/26 CNY 40.00
CHONGQING TONGRUI AG 7.50 09/18/26 CNY 42.32
CHONGQING WANSHENG E 7.50 03/27/25 CNY 20.20
CHONGQING YUDIAN STA 8.00 11/30/25 CNY 20.99
CHUYING AGRO-PASTORA 8.80 06/26/19 CNY 16.00
DAWU COUNTY URBAN CO 7.50 09/20/26 CNY 40.00
DAWU COUNTY URBAN CO 7.50 09/20/26 CNY 42.36
DING NAN CITY CONSTR 7.80 04/08/26 CNY 40.00
DING NAN CITY CONSTR 7.80 04/08/26 CNY 41.43
DUJIANGYAN NEW CITY 7.80 05/02/25 CNY 20.00
DUJIANGYAN NEW CITY 7.80 05/02/25 CNY 20.36
DUJIANGYAN NEW CITY 7.80 10/11/25 CNY 20.50
DUJIANGYAN NEW CITY 7.80 10/11/25 CNY 20.82
DUJIANGYAN XINGYAN I 7.50 11/01/26 CNY 42.71
DUJIANGYAN XINGYAN I 7.50 11/01/26 CNY 42.88
FANGCHENG GANGSHI WE 7.95 10/11/25 CNY 20.00
FANGCHENG GANGSHI WE 7.93 12/25/25 CNY 20.00
FANGCHENG GANGSHI WE 7.95 10/11/25 CNY 20.85
FANGCHENG GANGSHI WE 7.93 12/25/25 CNY 21.05
FANTASIA GROUP CHINA 7.80 06/30/28 CNY 44.53
FANTASIA GROUP CHINA 7.50 06/30/28 CNY 73.70
FUJIAN FUSHENG GROUP 7.90 11/19/21 CNY 60.00
FUJIAN FUSHENG GROUP 7.90 12/17/21 CNY 70.99
FUZHOU LINCHUAN URBA 8.00 02/26/26 CNY 41.40
GANZHOU NANKANG DIST 8.00 09/27/25 CNY 20.00
GANZHOU NANKANG DIST 8.00 10/29/25 CNY 20.00
GANZHOU NANKANG DIST 8.00 09/27/25 CNY 20.80
GANZHOU NANKANG DIST 8.00 10/29/25 CNY 20.89
GANZHOU NANKANG DIST 8.00 01/23/26 CNY 40.00
GANZHOU NANKANG DIST 8.00 01/23/26 CNY 41.20
GANZHOU ZHANGGONG CO 7.80 10/16/25 CNY 20.83
GANZHOU ZHANGGONG CO 7.80 10/16/25 CNY 22.68
GUANGAN XINHONG INVE 7.50 06/03/26 CNY 41.79
GUANGAN XINHONG INVE 7.50 06/03/26 CNY 43.09
GUANGDONG PEARL RIVE 7.50 10/26/26 CNY 18.03
GUANGXI BAISE EXPERI 7.60 12/24/25 CNY 20.00
GUANGXI BAISE EXPERI 7.60 12/24/25 CNY 20.95
GUANGXI BAISE EXPERI 7.59 01/08/26 CNY 39.39
GUANGXI BAISE EXPERI 7.59 01/08/26 CNY 41.03
GUANGXI CHONGZUO URB 8.50 09/26/25 CNY 20.87
GUANGXI CHONGZUO URB 8.50 09/26/25 CNY 20.88
GUANGXI NINGMING HUI 8.50 12/07/25 CNY 21.10
GUANGXI NINGMING HUI 8.50 11/05/26 CNY 42.55
GUANGXI NINGMING HUI 8.50 11/05/26 CNY 43.13
GUANGXI TIANDONG COU 7.50 06/04/27 CNY 40.00
GUANGYUAN CITY DEVEL 7.50 10/25/27 CNY 26.85
GUANGYUAN YUANQU CHU 7.50 07/15/26 CNY 73.86
GUANGYUAN YUANQU CON 7.50 10/30/26 CNY 40.00
GUANGYUAN YUANQU CON 7.50 12/23/26 CNY 40.00
GUANGYUAN YUANQU CON 7.50 10/30/26 CNY 41.87
GUANGYUAN YUANQU CON 7.50 12/23/26 CNY 42.80
GUANGZHOU FINELAND R 13.60 07/27/23 USD 0.21
GUCHENG CONSTRUCTION 7.88 04/27/25 CNY 20.00
GUCHENG CONSTRUCTION 7.88 04/27/25 CNY 20.30
GUIXI STATE OWNED HO 7.50 09/17/26 CNY 42.30
GUIXI STATE OWNED HO 7.50 09/17/26 CNY 43.42
GUIYANG BAIYUN INDUS 8.30 03/21/25 CNY 20.21
GUIYANG BAIYUN INDUS 8.30 03/21/25 CNY 20.46
GUIYANG BAIYUN INDUS 7.50 03/06/26 CNY 40.80
GUIYANG BAIYUN INDUS 7.50 03/06/26 CNY 41.30
GUIYANG ECONOMIC DEV 7.90 10/29/25 CNY 20.82
GUIYANG ECONOMIC DEV 7.90 10/29/25 CNY 20.89
GUIYANG ECONOMIC DEV 7.50 04/30/26 CNY 40.68
GUIYANG ECONOMIC DEV 7.50 04/30/26 CNY 40.99
GUIYANG ECONOMIC TEC 7.80 04/30/26 CNY 41.71
GUIYANG ECONOMIC TEC 7.80 04/30/26 CNY 41.72
GUIYANG HI-TECH HOLD 8.00 11/25/26 CNY 40.27
GUIYANG HI-TECH HOLD 8.00 11/25/26 CNY 42.55
GUIZHOU CHANGSHUN CO 8.50 03/19/26 CNY 40.00
GUIZHOU CHANGSHUN CO 8.50 03/19/26 CNY 41.67
GUIZHOU EAST LAKE CI 8.00 12/07/25 CNY 20.41
GUIZHOU EAST LAKE CI 8.00 12/07/25 CNY 21.01
GUIZHOU GUIAN DEVELO 7.50 01/14/25 CNY 15.22
GUIZHOU HONGGUO ECON 7.80 02/08/25 CNY 20.12
GUIZHOU JINFENGHUANG 7.60 08/19/26 CNY 41.70
GUIZHOU JINFENGHUANG 7.60 08/19/26 CNY 42.23
GUIZHOU SHUANGLONG A 7.50 04/20/30 CNY 60.00
GUIZHOU SHUANGLONG A 7.50 11/17/30 CNY 62.83
GUIZHOU SHUICHENG EC 7.50 10/26/25 CNY 19.50
GUIZHOU SHUICHENG EC 7.50 10/26/25 CNY 20.82
GUIZHOU SHUICHENG WA 8.00 11/27/25 CNY 20.53
GUIZHOU SHUICHENG WA 8.00 11/27/25 CNY 20.91
GUIZHOU ZHONGSHAN DE 8.00 03/18/29 CNY 70.00
HAIAN URBAN DEMOLITI 7.74 05/02/25 CNY 20.30
HAIAN URBAN DEMOLITI 8.00 12/21/25 CNY 21.02
HUAINAN SHAN NAN DEV 7.94 04/01/26 CNY 40.00
HUAINAN SHAN NAN DEV 7.94 04/01/26 CNY 41.91
HUAINAN URBAN CONSTR 7.50 03/20/25 CNY 20.00
HUAINAN URBAN CONSTR 7.50 03/20/25 CNY 20.25
HUAINAN URBAN CONSTR 7.58 02/12/26 CNY 41.37
HUBEI DAYE LAKE HIGH 7.50 04/01/26 CNY 41.43
HUBEI JIAKANG CONSTR 7.80 12/19/25 CNY 20.77
HUBEI YILING ECONOMI 7.50 03/28/26 CNY 40.00
HUBEI YILING ECONOMI 7.50 03/28/26 CNY 41.48
HUNAN CHUZHISHENG HO 7.50 03/27/26 CNY 40.00
HUNAN CHUZHISHENG HO 7.50 03/27/26 CNY 41.45
HUNAN TIANYI RONGTON 8.00 10/24/25 CNY 20.89
HUNAN TIANYI RONGTON 8.00 10/24/25 CNY 20.90
HUNAN XUANDA CONSTRU 7.50 01/23/26 CNY 40.00
HUNAN XUANDA CONSTRU 7.50 01/24/26 CNY 40.00
HUNAN XUANDA CONSTRU 7.50 01/23/26 CNY 41.15
HUNAN XUANDA CONSTRU 7.50 01/24/26 CNY 41.16
HUZHOU WUXING NANTAI 7.90 09/20/25 CNY 20.75
JIA COUNTY DEVELOPME 7.50 01/21/27 CNY 62.78
JIAHE ZHUDU DEVELOPM 7.50 03/13/25 CNY 20.00
JIAHE ZHUDU DEVELOPM 7.50 03/13/25 CNY 20.24
JIANGSU YANGKOU PORT 7.60 08/17/25 CNY 20.69
JIANGSU YANGKOU PORT 7.60 08/17/25 CNY 22.50
JIANGSU ZHONGNAN CON 7.80 03/17/29 CNY 44.19
JIANGXI HUANGGANGSHA 7.90 10/08/25 CNY 20.68
JIANGXI HUANGGANGSHA 7.90 10/08/25 CNY 20.69
JIANGXI HUANGGANGSHA 7.90 01/25/26 CNY 40.95
JIANGXI JIHU DEVELOP 7.50 04/10/25 CNY 20.00
JIANGXI JIHU DEVELOP 7.50 04/10/25 CNY 20.27
JIANGXI TONGGU CITY 7.50 04/21/27 CNY 63.26
JIANGYOU XINGYI PARK 7.80 12/17/25 CNY 26.25
JIANGYOU XINGYI PARK 7.50 05/07/26 CNY 51.32
JIANLI FENGYUAN CITY 7.50 01/14/26 CNY 40.00
JIANLI FENGYUAN CITY 7.50 01/14/26 CNY 41.04
JILIN ECONOMY TECHNO 8.00 03/26/28 CNY 59.21
JILIN ECONOMY TECHNO 8.00 03/26/28 CNY 62.85
JINING NEW CITY DEVE 7.60 03/23/25 CNY 20.00
JINING NEW CITY DEVE 7.60 03/23/25 CNY 20.20
JINXIANG COUNTY CITY 7.50 03/20/26 CNY 40.92
JINXIANG COUNTY CITY 7.50 03/20/26 CNY 41.41
JINZHOU CIHANG GROUP 9.00 04/05/20 CNY 33.63
KAILI GUIZHOU TOWN C 7.98 03/30/27 CNY 63.92
KAILI GUIZHOU TOWN C 7.98 03/30/27 CNY 63.93
KAIYUAN CITY XINGYUA 7.50 09/22/27 CNY 64.60
KAIYUAN CITY XINGYUA 7.50 09/22/27 CNY 64.82
LAOTING INVESTMENT G 7.50 04/11/26 CNY 39.80
LAOTING INVESTMENT G 7.50 04/11/26 CNY 41.55
LIJIN CITY CONSTRUCT 7.50 12/20/25 CNY 20.00
LIJIN CITY CONSTRUCT 7.50 12/20/25 CNY 20.96
LIJIN CITY CONSTRUCT 7.50 04/26/26 CNY 40.00
LIJIN CITY CONSTRUCT 7.50 04/26/26 CNY 41.67
LINFEN YAODU DISTRIC 7.50 09/19/25 CNY 20.74
LINYI COUNTY CITY DE 7.78 03/21/25 CNY 20.00
LINYI COUNTY CITY DE 7.78 03/21/25 CNY 20.23
LINYI ZHENDONG CONST 7.50 11/26/25 CNY 20.80
LINYI ZHENDONG CONST 7.50 11/26/25 CNY 20.89
LINYI ZHENDONG CONST 7.50 12/06/25 CNY 20.92
LIUPANSHUI AGRICULTU 8.00 04/26/27 CNY 59.31
LIUPANSHUI AGRICULTU 8.00 04/26/27 CNY 59.32
LONGNAN ECO&TECH DEV 7.50 07/26/26 CNY 41.90
LUANCHUAN COUNTY TIA 8.50 01/23/26 CNY 40.00
LUANCHUAN COUNTY TIA 8.50 01/23/26 CNY 41.30
LUOHE ECONOMIC DEVEL 7.50 12/18/25 CNY 20.95
LUOHE ECONOMIC DEVEL 7.50 12/18/25 CNY 21.02
LUOYANG XIYUAN STATE 7.50 11/15/25 CNY 20.74
LUOYANG XIYUAN STATE 7.50 11/15/25 CNY 20.80
LUOYANG XIYUAN STATE 7.80 01/29/26 CNY 40.98
LUOYANG XIYUAN STATE 7.80 01/29/26 CNY 41.30
MAANSHAN NINGBO INVE 7.50 04/18/26 CNY 16.00
MAANSHAN NINGBO INVE 7.80 11/29/25 CNY 20.94
MAANSHAN NINGBO INVE 7.80 11/29/25 CNY 20.96
MAANSHAN NINGBO INVE 7.50 04/18/26 CNY 41.55
MEISHAN CITY DONGPO 8.08 08/16/25 CNY 20.00
MEISHAN CITY DONGPO 8.08 08/16/25 CNY 20.69
MEISHAN CITY DONGPO 8.00 01/03/26 CNY 40.00
MEISHAN CITY DONGPO 8.00 01/03/26 CNY 41.08
MEISHAN HONGSHUN PAR 7.50 12/10/25 CNY 26.05
MENGZHOU INVESTMENT 8.00 09/03/25 CNY 20.00
MENGZHOU INVESTMENT 8.00 11/06/25 CNY 20.00
MENGZHOU INVESTMENT 8.00 09/03/25 CNY 20.76
MENGZHOU INVESTMENT 8.00 11/06/25 CNY 20.90
MENGZI CITY DEVELOPM 8.00 03/25/26 CNY 41.51
MENGZI CITY DEVELOPM 8.00 03/25/26 CNY 42.25
MIAN YANG ECONOMIC D 8.20 03/15/26 CNY 40.00
MIAN YANG ECONOMIC D 8.00 09/29/26 CNY 40.00
MIAN YANG ECONOMIC D 8.20 03/15/26 CNY 41.51
MIAN YANG ECONOMIC D 8.00 09/29/26 CNY 42.58
MIANYANG ANZHOU INVE 8.10 11/22/25 CNY 20.00
MIANYANG ANZHOU INVE 8.10 05/04/25 CNY 20.30
MIANYANG ANZHOU INVE 8.10 05/04/25 CNY 20.38
MIANYANG ANZHOU INVE 8.10 11/22/25 CNY 20.99
MIANYANG ANZHOU INVE 7.90 11/25/26 CNY 40.00
MIANYANG ANZHOU INVE 7.90 11/25/26 CNY 42.89
MIANYANG HUIDONG INV 8.10 02/10/25 CNY 20.13
MIANYANG HUIDONG INV 8.10 04/28/25 CNY 20.37
MIANZHU CITY JINSHEN 7.87 12/18/25 CNY 21.02
MIANZHU CITY JINSHEN 7.87 12/18/25 CNY 21.04
MILE AGRICULTURAL IN 8.00 10/25/25 CNY 20.85
MILE AGRICULTURAL IN 7.60 02/27/26 CNY 41.00
MILE AGRICULTURAL IN 7.60 02/27/26 CNY 41.28
MUDANJIANG LONGSHENG 7.50 09/27/25 CNY 20.74
NANCHONG JIALING DEV 7.98 05/23/25 CNY 20.00
NANCHONG JIALING DEV 7.98 05/23/25 CNY 20.44
NINGXIA SHENG YAN IN 7.50 09/27/28 CNY 42.45
PANJIN CITY SHUANGTA 8.70 12/20/25 CNY 21.19
PANJIN CITY SHUANGTA 8.70 12/20/25 CNY 21.20
PANJIN CITY SHUANGTA 8.50 01/29/26 CNY 41.34
PANJIN CITY SHUANGTA 8.50 01/29/26 CNY 41.35
PANJIN LIAODONGWAN Z 7.50 12/28/26 CNY 42.85
PEIXIAN ECONOMIC DEV 7.51 11/04/26 CNY 40.00
PEIXIAN ECONOMIC DEV 7.51 11/04/26 CNY 42.54
PENGSHAN DEVELOPMENT 7.98 05/03/25 CNY 20.38
PENGSHAN DEVELOPMENT 7.98 05/03/25 CNY 21.59
PENGZE CITY DEVELOPM 7.60 08/31/25 CNY 20.68
PENGZE CITY DEVELOPM 7.60 08/31/25 CNY 20.68
PINGLIANG CHENGXIANG 7.80 03/29/26 CNY 41.09
PINGLIANG CHENGXIANG 7.80 03/29/26 CNY 41.52
PUDING YELANG STATE- 8.00 03/13/25 CNY 100.00
PUER CITY SI MAO GUO 7.50 03/14/26 CNY 41.34
PUER CITY SI MAO GUO 7.50 03/14/26 CNY 41.91
QIANDONG NANZHOU DEV 8.00 12/21/27 CNY 63.00
QIANDONG NANZHOU DEV 8.00 12/21/27 CNY 66.59
QIANDONGNAN TRANSPOR 8.00 01/15/27 CNY 63.31
QIANDONGNAN TRANSPOR 8.00 01/15/27 CNY 63.32
QIANNANZHOU INVESTME 8.00 01/02/26 CNY 41.08
QIANXINAN AUTONOMOUS 8.00 06/22/27 CNY 64.30
QIANXINAN PREFECTURE 7.99 06/10/27 CNY 63.54
QIANXINAN WATER RESO 7.50 12/25/27 CNY 62.90
QIANXINAN WATER RESO 7.50 09/25/27 CNY 65.03
QIANXINAN WATER RESO 7.50 09/25/27 CNY 65.04
QIANXINAN WATER RESO 7.50 12/25/27 CNY 68.81
QINGHAI PROVINCIAL I 7.88 03/22/21 USD 0.46
QINGZHEN CITY CONSTR 7.50 03/18/26 CNY 41.35
QINGZHEN CITY CONSTR 7.50 03/18/26 CNY 41.36
QINGZHOU HONGYUAN PU 7.60 06/17/27 CNY 48.20
QINZHOU BINHAI NEW C 7.70 08/15/26 CNY 42.28
QINZHOU BINHAI NEW C 7.70 08/15/26 CNY 42.28
QUJING CITY QILIN DI 8.50 01/21/26 CNY 40.00
QUJING CITY QILIN DI 8.50 01/21/26 CNY 41.29
RENHUAI WATER INVEST 7.98 02/24/25 CNY 20.11
RENHUAI WATER INVEST 7.98 07/26/25 CNY 20.61
RENHUAI WATER INVEST 8.00 12/26/25 CNY 20.81
RUCHENG SHUNXING INV 7.50 01/07/26 CNY 40.00
RUCHENG SHUNXING INV 7.50 01/07/26 CNY 41.06
RUDONG NEW WORLD INV 7.50 12/06/26 CNY 40.00
RUDONG NEW WORLD INV 7.50 12/06/26 CNY 42.91
RUILI RENLONG INVEST 8.00 09/20/26 CNY 42.22
SHANDONG HONGHE HOLD 7.50 01/29/26 CNY 41.06
SHANDONG OCEAN CULTU 7.50 03/28/26 CNY 41.38
SHANDONG OCEAN CULTU 7.50 04/25/26 CNY 41.53
SHANDONG RENCHENG RO 7.50 01/23/26 CNY 41.09
SHANDONG RUYI TECHNO 7.90 09/18/23 CNY 52.10
SHANDONG SANXING GRO 7.90 08/30/27 CNY 58.00
SHANDONG URBAN CAPIT 7.50 04/12/26 CNY 40.00
SHANDONG URBAN CAPIT 7.50 04/12/26 CNY 41.48
SHANGLI GANXIANG CIT 7.50 06/01/25 CNY 20.36
SHANGLI GANXIANG CIT 7.50 06/01/25 CNY 20.36
SHANGLI GANXIANG CIT 7.80 01/22/26 CNY 40.49
SHANGLI GANXIANG CIT 7.80 01/22/26 CNY 41.01
SHANGRAO GUANGXIN UR 7.95 07/24/25 CNY 20.60
SHANGRAO GUANGXIN UR 7.95 07/24/25 CNY 20.62
SHANXI JINZHONG STAT 7.50 05/05/26 CNY 41.59
SHAOYANG SAISHUANGQI 8.00 11/28/25 CNY 20.00
SHAOYANG SAISHUANGQI 8.00 11/28/25 CNY 21.06
SHEHONG STATE OWNED 7.50 08/22/25 CNY 20.00
SHEHONG STATE OWNED 7.60 10/22/25 CNY 20.00
SHEHONG STATE OWNED 7.60 10/25/25 CNY 20.00
SHEHONG STATE OWNED 7.50 08/22/25 CNY 20.66
SHEHONG STATE OWNED 7.60 10/22/25 CNY 20.84
SHEHONG STATE OWNED 7.60 10/25/25 CNY 20.85
SHENWU ENVIRONMENTAL 9.00 03/14/19 CNY 12.00
SHIFANG CITY NATIONA 8.00 12/05/25 CNY 20.00
SHIFANG CITY NATIONA 8.00 12/05/25 CNY 21.01
SHIYAN CITY CHENGTOU 7.80 02/13/26 CNY 44.68
SHUANGYASHAN DADI CI 8.50 04/30/26 CNY 41.94
SHUANGYASHAN DADI CI 8.50 04/30/26 CNY 41.95
SHUANGYASHAN DADI CI 8.50 08/26/26 CNY 42.68
SHUANGYASHAN DADI CI 8.50 08/26/26 CNY 42.69
SHUANGYASHAN DADI CI 8.50 12/16/26 CNY 43.38
SHUANGYASHAN DADI CI 8.50 12/16/26 CNY 43.39
SHUOZHOU INVESTMENT 7.50 10/23/25 CNY 20.85
SHUOZHOU INVESTMENT 7.80 12/25/25 CNY 20.92
SHUOZHOU INVESTMENT 7.80 12/25/25 CNY 21.08
SHUOZHOU INVESTMENT 7.50 10/23/25 CNY 21.60
SICHUAN COAL INDUSTR 7.70 01/09/18 CNY 45.00
SICHUAN LANGUANG DEV 7.50 07/11/21 CNY 12.63
SICHUAN LANGUANG DEV 7.50 08/12/21 CNY 12.63
SICHUAN LANGUANG DEV 7.50 07/23/22 CNY 42.00
SIYANG JIADING INDUS 7.50 04/27/25 CNY 20.31
SIYANG JIADING INDUS 7.50 04/27/25 CNY 20.32
SIYANG JIADING INDUS 7.50 12/14/25 CNY 20.93
TAHOE GROUP CO LTD 7.50 08/15/20 CNY 2.20
TAHOE GROUP CO LTD 7.50 10/10/20 CNY 2.20
TAHOE GROUP CO LTD 8.50 08/02/21 CNY 2.20
TAHOE GROUP CO LTD 7.50 09/19/21 CNY 3.10
TAIXING CITY CHENGXI 7.80 03/05/26 CNY 40.00
TAIXING CITY CHENGXI 7.60 04/04/26 CNY 40.00
TAIXING CITY CHENGXI 7.60 04/24/26 CNY 40.00
TAIXING CITY CHENGXI 7.80 03/05/26 CNY 41.46
TAIXING CITY CHENGXI 7.60 04/04/26 CNY 41.60
TAIXING CITY CHENGXI 7.60 04/24/26 CNY 41.70
TAIXING XINGHUANG IN 8.50 11/15/25 CNY 19.59
TAIXING XINGHUANG IN 8.50 11/15/25 CNY 20.82
TAIZHOU HUACHENG MED 8.50 12/26/25 CNY 20.00
TAIZHOU HUACHENG MED 8.50 12/26/25 CNY 41.24
TANCHENG COUNTY CITY 7.50 04/09/26 CNY 40.00
TANCHENG COUNTY CITY 7.50 04/09/26 CNY 41.48
TANGSHAN HOLDING DEV 7.60 05/16/25 CNY 20.32
TAOYUAN COUNTY CONST 7.50 09/11/26 CNY 40.00
TAOYUAN COUNTY CONST 8.00 10/17/26 CNY 40.00
TAOYUAN COUNTY CONST 7.50 09/11/26 CNY 42.34
TAOYUAN COUNTY CONST 8.00 10/17/26 CNY 42.83
TAOYUAN COUNTY ECONO 8.20 09/06/25 CNY 20.79
TAOYUAN COUNTY ECONO 8.20 09/06/25 CNY 21.25
TEMPUS GROUP CO LTD 7.50 06/07/20 CNY 2.00
TENGCHONG SHIXINGBAN 7.50 05/05/26 CNY 51.74
TIANJIN REAL ESTATE 7.70 03/16/21 CNY 21.49
TONGCHENG CITY CONST 7.50 07/23/25 CNY 20.00
TONGCHENG CITY CONST 7.50 07/23/25 CNY 20.57
TONGHUA FENGYUAN INV 8.00 12/18/25 CNY 20.00
TONGHUA FENGYUAN INV 8.00 12/18/25 CNY 21.04
TONGHUA FENGYUAN INV 7.80 04/30/26 CNY 41.32
TONGHUA FENGYUAN INV 7.80 04/30/26 CNY 41.69
TONGREN WATER GROUP 8.00 11/29/28 CNY 62.76
TONGREN WATER GROUP 8.00 11/29/28 CNY 64.22
TONGXIANG CHONGDE IN 7.88 11/29/25 CNY 20.88
TONGXIANG CHONGDE IN 7.88 11/29/25 CNY 21.70
TUNGHSU GROUP CO LTD 7.85 03/23/21 CNY 0.00
TUNGHSU GROUP CO LTD 8.18 10/25/21 CNY 22.00
WEIHAI LANCHUANG CON 7.70 10/11/25 CNY 20.79
WEIHAI LANCHUANG CON 7.70 10/11/25 CNY 20.80
WEIHAI WENDENG URBAN 7.70 05/02/28 CNY 64.70
WEINAN CITY INDUSTRI 7.50 04/28/26 CNY 40.00
WEINAN CITY INDUSTRI 7.50 04/28/26 CNY 41.56
WEINAN CITY INDUSTRI 7.50 06/30/27 CNY 60.00
WEINAN CITY INDUSTRI 7.50 06/30/27 CNY 63.74
WINTIME ENERGY GROUP 7.70 11/15/20 CNY 43.63
WINTIME ENERGY GROUP 7.50 11/16/20 CNY 43.63
WINTIME ENERGY GROUP 7.50 12/06/20 CNY 43.63
WINTIME ENERGY GROUP 7.90 12/22/20 CNY 43.63
WINTIME ENERGY GROUP 7.90 03/29/21 CNY 43.63
WINTIME ENERGY GROUP 7.50 04/04/21 CNY 43.63
WUSU CITY XINGRONG C 7.50 10/25/25 CNY 20.00
WUSU CITY XINGRONG C 7.50 10/25/25 CNY 20.82
WUXUE URBAN CONSTRUC 7.50 04/12/26 CNY 40.00
WUXUE URBAN CONSTRUC 7.50 04/12/26 CNY 41.41
WUZHOU CANGHAI CONST 8.00 05/31/28 CNY 64.99
WUZHOU CITY CONSTRUC 7.95 11/28/28 CNY 65.88
WUZHOU CITY CONSTRUC 7.95 11/28/28 CNY 67.36
WUZHOU CITY CONSTRUC 7.90 03/26/29 CNY 73.20
XIFENG COUNTY URBAN 8.00 03/14/26 CNY 41.36
XINFENG COUNTY URBAN 7.80 12/05/25 CNY 20.00
XINFENG COUNTY URBAN 7.80 12/05/25 CNY 20.99
XINFENG COUNTY URBAN 7.80 04/16/26 CNY 41.67
XINFENG COUNTY URBAN 7.80 04/16/26 CNY 41.88
XINPING URBAN DEVELO 7.70 01/24/26 CNY 40.80
XINPING URBAN DEVELO 7.70 01/24/26 CNY 41.15
XINYU CITY YUSHUI DI 7.50 09/24/26 CNY 42.35
XUZHOU CITY JIAWANG 7.88 01/28/26 CNY 40.31
XUZHOU CITY JIAWANG 7.98 05/06/26 CNY 40.50
XUZHOU CITY JIAWANG 7.88 01/28/26 CNY 40.58
XUZHOU CITY JIAWANG 7.98 05/06/26 CNY 41.83
YANCHENG URBANIZATIO 7.50 03/04/27 CNY 63.64
YANGLING URBAN RURAL 7.80 02/20/26 CNY 40.00
YANGLING URBAN RURAL 7.80 06/19/26 CNY 40.00
YANGLING URBAN RURAL 7.80 02/20/26 CNY 41.23
YANGLING URBAN RURAL 7.80 06/19/26 CNY 41.98
YIBIN NANXI CAIYUAN 8.10 07/24/25 CNY 20.00
YIBIN NANXI CAIYUAN 8.10 07/24/25 CNY 20.59
YIBIN NANXI CAIYUAN 8.10 11/28/25 CNY 20.92
YIBIN NANXI CAIYUAN 8.10 11/28/25 CNY 21.06
YICHANG CHUANGYUAN H 7.80 11/06/25 CNY 20.89
YINGKOU BEIHAI NEW C 7.98 01/25/25 CNY 20.08
YINGKOU BEIHAI NEW C 7.98 01/25/25 CNY 20.08
YINGTAN JUNENG INVES 8.00 05/06/26 CNY 40.00
YINGTAN JUNENG INVES 8.00 05/06/26 CNY 41.89
YIYANG COUNTY CITY C 7.50 06/07/25 CNY 20.00
YIYANG COUNTY CITY C 7.50 06/07/25 CNY 20.37
YIYANG COUNTY CITY C 7.90 11/05/25 CNY 20.93
YIYANG COUNTY CITY C 7.90 11/05/25 CNY 22.01
YIYANG LONGLING CONS 7.60 01/23/26 CNY 40.30
YIYANG LONGLING CONS 7.60 01/23/26 CNY 41.05
YIYUAN HONGDING ASSE 7.50 08/17/25 CNY 20.63
YONGCHENG COAL & ELE 7.50 02/02/21 CNY 39.88
YONGXIU CITY CONSTRU 7.50 05/02/25 CNY 20.00
YONGXIU CITY CONSTRU 7.80 08/27/25 CNY 20.00
YONGXIU CITY CONSTRU 7.50 05/02/25 CNY 20.26
YONGXIU CITY CONSTRU 7.80 08/27/25 CNY 20.55
YOUYANG COUNTY TAOHU 7.50 09/28/25 CNY 20.74
YUANJIANG CITY CONST 7.50 01/18/26 CNY 41.07
YUANJIANG CITY CONST 7.50 01/18/26 CNY 41.08
YUDU ZHENXING INVEST 7.50 05/03/25 CNY 20.29
YUDU ZHENXING INVEST 7.50 05/03/25 CNY 20.49
YUEYANG CITY JUNSHAN 7.96 04/23/26 CNY 40.00
YUEYANG CITY JUNSHAN 7.96 04/23/26 CNY 41.74
YUEYANG CITY JUNSHAN 7.96 03/13/27 CNY 60.51
YUEYANG CITY JUNSHAN 7.96 03/13/27 CNY 62.66
YUEYANG HUILIN INVES 7.50 12/23/26 CNY 40.00
YUEYANG HUILIN INVES 7.50 12/23/26 CNY 42.86
YUSHEN ENERGY DEVELO 7.50 05/07/27 CNY 60.00
YUSHEN ENERGY DEVELO 7.50 05/07/27 CNY 63.91
YUTAI XINDA ECONOMIC 7.50 04/10/26 CNY 41.58
ZHANGJIAJIE LOULI TO 7.50 03/26/26 CNY 41.43
ZHANGJIAJIE LOULI TO 7.50 03/26/26 CNY 41.43
ZHANGZI NATIONAL OWN 7.50 10/18/26 CNY 40.00
ZHANGZI NATIONAL OWN 7.50 10/18/26 CNY 42.48
ZHEJIANG CHANGXING H 7.50 12/26/25 CNY 20.00
ZHEJIANG CHANGXING H 7.50 12/26/25 CNY 21.00
ZHEJIANG CHANGXING H 7.50 05/16/26 CNY 41.60
ZHEJIANG CHANGXING H 7.50 05/16/26 CNY 41.84
ZHEJIANG WUYI CITY C 8.00 08/10/25 CNY 20.00
ZHEJIANG WUYI CITY C 8.00 08/10/25 CNY 20.66
ZHEJIANG WUYI CITY C 8.00 12/21/25 CNY 20.94
ZHEJIANG WUYI CITY C 8.00 12/21/25 CNY 21.07
ZHONGHONG HOLDING CO 8.00 07/04/19 CNY 2.75
ZHONGXIANG CITY CONS 7.50 07/05/26 CNY 40.00
ZHONGXIANG CITY CONS 7.50 07/05/26 CNY 42.09
ZHOUSHAN ISLANDS NEW 7.50 01/30/27 CNY 55.00
ZHOUSHAN ISLANDS NEW 7.50 01/30/27 CNY 58.95
ZHUZHOU HI-TECH AUTO 8.00 08/14/25 CNY 25.83
ZIGUI COUNTY CHUYUAN 7.80 02/12/28 CNY 60.00
ZIGUI COUNTY CHUYUAN 7.80 02/12/28 CNY 64.53
ZIYANG KAILI INVESTM 8.00 02/14/26 CNY 41.35
ZUNYI HUICHUAN LOUHA 7.50 11/24/27 CNY 62.20
ZUNYI HUICHUAN LOUHA 7.50 11/24/27 CNY 68.57
ZUNYI ROAD & BRIDGE 8.00 05/08/29 CNY 70.80
HONG KONG
---------
CHINA SOUTH CITY HOL 9.00 06/26/24 USD 25.05
CHINA SOUTH CITY HOL 9.00 10/09/24 USD 26.82
CHINA SOUTH CITY HOL 9.00 04/12/24 USD 28.25
CHINA SOUTH CITY HOL 9.00 12/11/24 USD 28.50
HAINAN AIRLINES HONG 12.00 10/29/21 USD 1.93
HONGKONG IDEAL INVES 14.75 10/08/22 USD 2.66
YANGO JUSTICE INTERN 10.00 02/12/23 USD 0.01
YANGO JUSTICE INTERN 7.88 09/04/24 USD 0.06
YANGO JUSTICE INTERN 7.50 02/17/25 USD 0.06
YANGO JUSTICE INTERN 8.25 11/25/23 USD 0.09
YANGO JUSTICE INTERN 10.25 03/18/22 USD 0.10
YANGO JUSTICE INTERN 9.25 04/15/23 USD 0.15
YANGO JUSTICE INTERN 7.50 04/15/24 USD 0.27
YANGO JUSTICE INTERN 10.25 09/15/22 USD 0.50
ZENSUN ENTERPRISES L 12.50 09/13/23 USD 5.71
ZENSUN ENTERPRISES L 12.50 04/23/24 USD 5.76
INDONESIA
---------
WIJAYA KARYA PERSERO 8.30 02/18/29 IDR 58.51
WIJAYA KARYA PERSERO 8.30 02/18/29 IDR 58.56
WIJAYA KARYA PERSERO 9.25 09/08/28 IDR 61.15
WIJAYA KARYA PERSERO 9.25 09/08/28 IDR 61.19
WIJAYA KARYA PERSERO 8.60 12/18/25 IDR 61.85
WIJAYA KARYA PERSERO 9.85 12/18/27 IDR 62.92
WIJAYA KARYA PERSERO 9.75 03/03/28 IDR 63.14
WIJAYA KARYA PERSERO 9.85 12/18/27 IDR 63.16
WIJAYA KARYA PERSERO 9.75 03/03/28 IDR 63.27
WIJAYA KARYA PERSERO 7.75 02/18/27 IDR 64.04
WIJAYA KARYA PERSERO 7.75 02/18/27 IDR 64.30
WIJAYA KARYA PERSERO 10.90 11/03/29 IDR 65.44
WIJAYA KARYA PERSERO 10.90 11/03/29 IDR 65.44
WIJAYA KARYA PERSERO 10.50 11/03/27 IDR 65.46
WIJAYA KARYA PERSERO 10.50 11/03/27 IDR 65.46
WIJAYA KARYA PERSERO 8.55 09/08/26 IDR 68.85
WIJAYA KARYA PERSERO 8.55 09/08/26 IDR 69.04
INDIA
-----
BHARAT SANCHAR NIGAM 7.55 03/20/34 INR 62.68
IKF HOME FINANCE LTD 10.85 08/31/26 INR 59.83
MAHANAGAR TELEPHONE 7.51 03/06/34 INR 54.13
RAJASTHAN RAJYA VIDY 9.00 12/24/26 INR 70.00
MALAYSIA
--------
CAPITAL A BHD 8.00 12/29/28 MYR 0.96
PHILIPPINES
-----------
BAYAN TELECOMMUNICAT 15.00 07/15/06 USD 15.00
BAYAN TELECOMMUNICAT 15.00 07/15/06 USD 15.00
SINGAPORE
---------
BAKRIE TELECOM PTE L 11.50 05/07/15 USD 0.90
BAKRIE TELECOM PTE L 11.50 05/07/15 USD 0.90
BLD INVESTMENTS PTE 8.63 03/23/15 USD 6.75
DAVOMAS INTERNATIONA 11.00 05/09/11 USD 0.32
DAVOMAS INTERNATIONA 11.00 05/09/11 USD 0.32
DAVOMAS INTERNATIONA 11.00 12/08/14 USD 0.36
DAVOMAS INTERNATIONA 11.00 12/08/14 USD 0.36
ENERCOAL RESOURCES P 9.25 08/05/14 USD 45.75
ITNL OFFSHORE PTE LT 7.50 01/18/21 CNY 20.50
MICLYN EXPRESS OFFSH 8.75 11/25/18 USD 0.56
NOMURA INTERNATIONAL 7.65 10/04/37 AUD 65.68
NOMURA INTERNATIONAL 19.50 08/28/28 TRY 67.78
ORO NEGRO DRILLING P 7.50 01/24/24 USD 0.55
RICKMERS MARITIME 8.45 05/15/17 SGD 5.00
SWIBER HOLDINGS LTD 7.75 09/18/17 CNY 6.13
SOUTH KOREA
-----------
KOREA DEVELOPMENT BA 11.24 11/25/26 BRL 52.27
KOREA DEVELOPMENT BA 11.21 11/19/26 BRL 57.20
SAMPYO CEMENT CO LTD 8.30 04/20/14 KRW 70.00
SAMPYO CEMENT CO LTD 7.50 07/20/14 KRW 70.00
SAMPYO CEMENT CO LTD 8.30 09/10/14 KRW 70.00
SAMPYO CEMENT CO LTD 8.10 04/12/15 KRW 70.00
SAMPYO CEMENT CO LTD 8.10 06/26/15 KRW 70.00
SRI LANKA
---------
SRI LANKA GOVERNMENT 7.50 06/15/38 LKR 59.28
SRI LANKA GOVERNMENT 7.50 05/15/37 LKR 60.98
SRI LANKA GOVERNMENT 7.50 04/15/36 LKR 62.93
SRI LANKA GOVERNMENT 7.50 03/15/35 LKR 65.13
SRI LANKA GOVERNMENT 7.50 02/15/34 LKR 67.50
SRI LANKA GOVERNMENT 7.50 01/15/33 LKR 70.10
SRI LANKA GOVERNMENT 7.50 06/15/32 LKR 72.66
*********
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 2025. All rights reserved. ISSN: 1520-9482.
This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding,
electronic re-mailing and photocopying) is strictly prohibited
without prior written permission of the publishers.
Information contained herein is obtained from sources believed
to be reliable, but is not guaranteed.
TCR-AP subscription rate is US$775 for 6 months delivered via e-
mail. Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance
thereof are US$25 each. For subscription information, contact
Peter Chapman at 215-945-7000.
*** End of Transmission ***