Edition:
United Kingdom

Bankruptcy

BRIEF-Neuron Bio starts talks under pre-insolvency proceedings

* TO START TALKS TO REACH REFINANCING AGREEMENT UNDER 5 BIS PRE-INSOLVENCY PROCEEDINGS‍​

BRIEF-Neol Bio starts talks with creditors under pre-insolvency proceedings ‍​

* STARTS TALKS WITH CREDITORS UNDER 5 BIS PRE-INSOLVENCY PROCEEDINGS ‍​

26 May 2017

BRIEF-Jason adjournment of hearing for bankruptcy applications against certain directors

* Bankruptcy applications against sim Choon Joo, Jason Sim Chon Ang, were heard by High Court Of Republic Of Singapore

26 May 2017

BRIEF-Sniace says its insolvency proceeding is qualified fortuitous

* SAID ON THURSDAY THAT VOLUNTARY INSOLVENCY PROCEEDING OF SNIACE, CELLTECH AND VISCOCEL WAS CLASSIFIED "FORTUITOUS" BY THE INSOLVENCY ADMINISTRATION

26 May 2017

BRIEF-Chongqing Iron & Steel says it has been confronted with an "austere situation" in both production and operation

* has been confronted with an austere situation in both production and operation, facing severe financial strain

25 May 2017

Cancer treatment firm 21st Century Oncology files for bankruptcy

WILMINGTON, Del., May 25 21st Century Oncology Holdings Inc, which bills itself as the world's largest operator of cancer treatment centers, filed for Chapter 11 bankruptcy on Thursday, citing changes in insurance reimbursement rates and uncertainty caused by political changes.

BRIEF-21St Century Oncology reaches agreement with lenders, bondholders on debt restructuring

* Reaches agreement in principle with lenders and bondholders on comprehensive debt restructuring that includes new equity investment and would reduce long-term net debt by over $500 million

25 May 2017

Payless to try fending off creditor probe of owners with own review

CHICAGO, May 25 Discount retailer Payless ShoeSource is investigating whether its leveraged buyout by private equity firms and the dividend payments they received led to its bankruptcy, according to court papers.

Private Capital, 25 May 2017

BRIEF-Panevezio says that decision on initiation of bankruptcy proceedings against Baltlitstroj OOO has entered into force

* SAYS THAT DECISION ON INITIATION OF BANKRUPTCY PROCEEDINGS AGAINST BALTLITSTROJ OOO, SUBSIDIARY COMPANY OF PANEVEZIO, HAS ENTERED INTO FORCE Further company coverage: (Gdynia Newsroom)

25 May 2017

CORRECTED-Australia's Mesoblast flags "going concern" doubts

May 25 Australian regenerative medicine maker Mesoblast Ltd said on Thursday it needed new funding from a third party partner or from capital raising to continue in business as it had cash reserves of $69.1 million.

25 May 2017

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