The government-led programme, which forces banks to write off bad debt in exchange for equity in ailing companies, soared in value to hit more than $220bn by the end of April, up from about $120bn at the start of March, according to data from Wind Information.
“One can argue the government-led recapitalisation is already happening in an atypical way and thus reducing the need for recapitalisation in its written sense,” said Liao Qiang, director of financial institutions at S&P Global Ratings in Beijing.
OUE Wins Tender for Development and Lease of Changi Airport Hotel
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Changi Airport has awarded a tender to OUE for the development and lease of
a new hotel at the Singapore airfield’s Terminal 2.
The proposed 255-key Hote...
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