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As the United States steps up its campaign to block China from acquiring key technological know-how, the winding journey of a pioneering Silicon Valley computer chip firm is showing just how tough a task that can be.
SYDNEY: Virgin Australia Holdings Ltd's unsecured creditors will receive an average return of 9%-13% of their funds as part of U.S. private equity group Bain Capital's proposed purchase of the airline, administrator Deloitte said in a report on Tuesday.
SYDNEY: Virgin Australia Holdings Ltd bondholders have withdrawn plans for a proposed recapitalisation of the airline that was meant to rival one from U.S. private equity firm Bain Capital, a spokesman for the bondholders said on Friday.
SYDNEY: Australia faces an avalanche of business failures in its transport and hospitality sectors after government subsidies end in September, insolvency lawyers and economists say, while some argue that so-called “zombie” firms should be allowed to fail.
Hedge fund Chatham Asset Management's bid succeeded in a court-supervised auction for bankrupt news publisher McClatchy Co, the news company said on Sunday.
TOKYO: The U.S. subsidiary of minimalist lifestyle brand Muji filed for Chapter 11 bankruptcy protection, its Japanese owner Ryohin Keikaku Co said on Friday.