Extend and Pretend Is Running Out in Germany
“There is the question now how to deal with the debt that is still there and is still too much.’
Take Branicks Group. The Frankfurt-based office and logistics landlord is negotiating a refinancing package ahead of a cluster of looming maturities, including €87 million of promissory notes due this month and a €400 million high-yield bond maturing in September.
The clock is ticking for the landlord, which until now has managed to stay ahead of creditors by selling assets and using short-term extensions to chip away at debt.
Deutsche Mittelstand Real Estate is also facing a bond repayment in 2027, which it already restructured in 2024.
The company’s key owners, including Apollo Global Management, are seeking to exit the company and sell their stake…”
A man has accused DBKL of leaking his personal contact details to a developer after lodging a complaint about dust pollution from a nearby construction site.
He claimed he received a message from a project representative instead of an official update from DBKL after submitting the complaint through the ADU@KL platform.
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Nga Kor Ming’s slam'g EC unbecoming of a Cabinet Minister. The EC has explained why PRN Johor & Negeri9 are held separately. Proper channels exist if he disagrees. Still act'g like an opposition altho years in govt? Msians want governance, not grandstand'g https://t.co/esMBCxR5g5
“First Brands moves ahead with liquidation plan”
“U.S. Bankruptcy Judge Christopher Lopez allowed First Brands to solicit votes on its preferred proposal for winding down its business, rejecting demands from a government watchdog and some creditors who asked the judge to convert the case to a quicker and more straightforward Chapter 7 liquidation that would be managed by a court-appointed trustee….
…First Brands failed to reorganize in bankruptcy, leaving it unable to repay more than $11 billion in debts.
After the company went bankrupt, its founder Patrick James and his brother Edward James were indicted on federal fraud charges…”
@NgaKorMing Umpteen empty election promises to the Chinese voters back then and those Chinese remembered and reaction will be replaced, don't you worried!
@NST_Online Dap is just a Chinese-Led party only not Chinese party anymore umpteen non-Chinese being hoodwinked for nothing... Just Hot-Air ! But when election nearing they'll behave more Chinese chameleonically... Not all Chinese trust them.... This elections will show...
@NST_Online dap will only know how to Humbug those Chinese voters with empty promises like free toll highways and more Chinese schools etc... election is nearing hence dap suddenly so caring about Chinese identity... Hypocrites indeed!
@NST_Online dap will only know how to Humbug those Chinese voters with empty promises like free toll highways and more Chinese schools etc... election is nearing hence dap suddenly so caring about Chinese identity... Hypocrites indeed!