APP shares face delisting
Article Abstract:
Asia Pulp & Paper Co.'s American Depositary Receipts listing on the New York Stock Exchange is being immediately suspended because of a low share price that does not meet criteria for continued listing. The company was working to restructure $13.4 billion in liabilities, but failed to convince investors that it could successfully pull itself out of debt.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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APP unit credit rating cut
Article Abstract:
APP China Group has had its credit rating lowered to default grade by Standard and Poor's. APP Group, which has about $12 billion in total debt and other obligatonis, is now rated single-D instead of double-C.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
APP unit credit rating cut
Article Abstract:
APP China Group Ltd., an Asia Pulp and Paper Co. unit, had its credit rating reduced to default grade by Standard and Poor's.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
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