| Still hunting for buyers, Asia Global Crossing is delaying interest payment
on $408 million of senior notes due in 2010, officials announced Monday.
News Scan: Feb. 27, 2002 - Forbes.com::
to court, demanding immediate payment of $965 million from a Asia Global Crossing Hires Adviser. Roche 2001 Net Profit Down 4%; May Sell Vitamins
http://www.forbes.com/business/2002/02/27/0227autonewsscan02.htmlHOME |
Obviously, recent
reports of a joint buyout by four investors aren't proceeding as
smoothly as expected, with the list of potential suitors shrinking by the week.
Connecting Central Asia: A Road Map for Regional Cooperation::
physically isolated from global. markets (all are landlocked), and crossing procedures are sufficiently. simplified to make carrying goods
http://www.adb.org/Documents/Books/Connecting-Central-Asia-Road-Map/connecting-CA-roadmap.pdfHOME |
Officials at the former Global Crossing subsidiary say they have $351
million in their coffers, enough to pay the interest due on the bonds in 30
days and sufficient to keep operations in place.
Last November, the Asian "carrier's carrier" broke off
talks with Global Crossing, 58.9 percent majority owners and current recipient
of a Securities and Exchange Commission (SEC) probe into its financial
dealings and subsequent bankruptcy.
InternetNews Realtime IT News - More Than 60 Courting Global Crossing::
Asia Global Crossing Delays Payment. Global Crossing to Take $8 Billion Write-Down The number excludes $350 million of Asia Global Crossing cash. LATEST NEWS
http://www.internetnews.com/xSP/article.php/8_1041681HOME |
Global Crossing Announces Consolidated Second Quarter 2006 Results::
in internal controls and possible difficulties and delays in improving Asia Net. Brazil. Canada. France. UK & Europe
http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=109&STORY=/www/09-2006/0004412886&EDATE=HOME |
One of the only deals remaining on the table is a buyout offer by
Hutchinson Wampoa Ltd, which offered $750 million for Asia Global Crossing,
contingent on a successful restructuring plan.
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Next-Article:Here's the Story, of a CEO Named Brady... |
