Latest news with #capitalstructure
South China Morning Post
13 hours ago
- Business
- South China Morning Post
Cifi creditors approve US$7.9 billion offshore debt restructuring plan
Distressed Chinese developer Cifi Holdings won backing from a majority of creditors for a US$7.9 billion offshore debt revamp, a key step for the cash-strapped developer as China's property market shows little sign of recovery. According to a Wednesday stock exchange filing, 1,236 out of 1,250 creditors, holding US$7.3 billion of Cifi's US$7.9 billion in offshore debt, voted in favour of the developer's latest debt restructuring plan. Taking into account the amount of claims to be cancelled or converted into mandatory convertible bonds and then converted into shares, the group's offshore debt obligations will decrease by around US$5.3 billion, or 66 per cent of the total, the company said. Court approval for the restructuring will be decided at a hearing in Hong Kong on June 26. 'The completion of the proposed restructuring will significantly alleviate the group's liquidity pressure and provide it with a sustainable capital structure,' Cifi said in the filing, adding that in the long term, it would switch to an asset-light business model to 'survive the profound adjustment cycle of China's property development industry'. Signage for Cifi Holdings. Photo: Handout
Bloomberg
a day ago
- Business
- Bloomberg
The Fannie and Freddie Stakes Are High
The capital structures of Fannie Mae and Freddie Mac are a little complicated, but here's roughly the situation 1: The essential thing to notice there is that the US government's $348.4 billion senior preferred claim is quite a bit larger than the total shareholders' equity of $160.7 billion. If Fannie and Freddie liquidated today and returned all their money to shareholders, the US government would get all of it. If Fannie and Freddie's shareholders' equity doubled, the US government would still get all of it. The common stockholders, and the holders of regular preferred stock, are underwater by many tens of billions of dollars.
Associated Press
2 days ago
- Business
- Associated Press
Alset AI to Amend Warrants and Launch Early Exercise Incentive Program to Accelerate Growth and Further Strengthen Capital Position
Program Expected to Enhance Financial Flexibility, Optimize Capital Structure, and Support Scaling of platform and Commercial Pipeline VANCOUVER, BC / ACCESS Newswire / June 2, 2025 / Alset AI Ventures Inc. (TSXV:GPUS)(OTC:GPUSF)(FSE:1R60)(WKN:A3ESVQ) ('Alset AI' or the 'Company') an artificial intelligence ('AI') venture company advancing innovation through strategic investment and cloud computing solutions is pleased to announce that it intends to amend the exercise price of an aggregate of 19,999,993 outstanding common share purchase warrants currently expiring on March 15, 2027 and March 22, 2027 (the 'Warrants'). The Warrants were issued pursuant to a private placement that closed in two tranches on March 15, 2024 and March 22, 2024. 'This strategy provides us with an opportunity to further strengthen our balance sheet by unlocking growth capital from our existing capital structure,' said Adam Ingrao, CEO of Alset AI. 'As we scale Lyken's platform-as-a-service offering and pursue high-quality infrastructure opportunities, a stronger balance sheet positions us to move with speed and confidence. This is a shareholder-aligned way to capitalize on momentum in the AI infrastructure market while enhancing long-term value.' The Warrants have a current exercise price of $0.25 and the Company intends to amend the exercise price to $0.15. In connection with the re-pricing of the Warrants, the amended Warrants shall include an accelerated expiry provision (the 'Acceleration Provision'). Pursuant to the Acceleration Provision, if the closing price of the Company's shares is $0.1875 or higher for 10 consecutive trading days (the 'Premium Trading Days'), Warrantholders will have 30 calendar days before expiry to exercise their Warrants, commencing 7 calendar days after the last Premium Trading Day. Except for the amended exercise price and the Acceleration Provision, all other terms of the Warrants will remain the same. The proposed amendments to the Warrants are subject to acceptance by the TSXV and prior consent of the Warrantholders. In addition, the Company is pleased to announce that it intends to undertake an early exercise warrant incentive program (the 'Incentive Program') designed to encourage the exercise of the above noted outstanding Warrants. The Incentive Program shall be valid for a period of 45 days from the commencement date ('Incentive Program Expiry Date'). For each Warrant exercised on or prior to the Incentive Program Expiry Date by a Warrantholder, the Company shall issue to the Warrantholder one-half of one additional common share purchase warrant exercisable at a price of $0.25 for a period of 12 months from the date of issuance ('Incentive Warrants'). The Incentive Program and the re-pricing of the Warrants are conditional to the approval of the TSXV. Upon receipt of the approval, the Company shall send a notice to the Warrantholders outlining the details of the Incentive Program and the Incentive Program Expiry Date. This initiative reflects Alset AI's proactive approach to capital management, leveraging its existing capital structure to support strategic objectives. The warrant amendment and incentive program are designed to enhance long-term financial efficiency and flexibility, align with shareholder interests, and accelerate the Company's execution priorities, including the scaling of infrastructure platform and support execution across the Company's expanding commercial and strategic pipeline. About Alset AI Ventures Inc. Alset AI is a pioneering AI and cloud computing investment firm, committed to nurturing high- potential technology companies. Through a combination of capital, strategic advisory, and cloud computing alliances, Alset AI is shaping the future of artificial intelligence and building an AI-focused venture capital platform poised for substantial growth. For further information about Alset AI Ventures Inc., please contact: Investor Relations Adam Ingrao Chief Executive Officer T: 236.312.6744 E: [email protected] Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note regarding Forward Looking Statements This press release may contain certain forward-looking statements and forward-looking information (collectively, 'forward-looking statements') related to the repricing of the Warrants, the commencement of the Incentive Program, and the TSXV's approval of the Warrant repricing the Incentive Program, the results of the Incentive Program, and the expected benefits to the Company from the Incentive Program. Forward-looking statements normally contain words like 'will', 'intend', 'anticipate', 'could', 'should', 'may', 'might', 'expect', 'estimate', 'forecast', 'plan', 'potential', 'project', 'assume', 'contemplate', 'believe', 'shall', 'scheduled', and similar terms. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this press release. Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions, and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances. Although management believes that the forward- looking statements herein are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Alset AI's business. Additional material risks and uncertainties applicable to the forward-looking statements herein include, without limitation, the impact of general economic conditions, and unforeseen events and developments. This list is not exhaustive of the factors that may affect the Company's forward-looking statements. Many of these factors are beyond the control of Alset AI. All forward-looking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as at the date hereof, and Alset AI undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws. Risks and uncertainties about the Company's business are more fully discussed under the heading 'Risks and Uncertainties' in its most recent Management's Discussion and Analysis and other disclosure documents available on SEDAR+ at SOURCE: Alset AI Ventures Inc. press release
Yahoo
2 days ago
- Business
- Yahoo
Implementation of share buyback programme
Nasdaq CopenhagenEuronext Dublin London Stock ExchangeDanish FSAOther stakeholdersDate 2 June 2025Implementation of share buyback programme In accordance with the corporate announcement of 30 April 2025, the bank will implement a new share buyback programme of DKK 1,000 million for cancellation at a future general meeting. The share buyback programme is based on the general authority which the bank's annual general meeting of 5 March 2025 granted to the board of directors, enabling the bank to acquire its own shares. The share buyback programme runs in the period 2 June 2025 up to and including 30 January 2026. During the period the bank will thus buy back its own shares for a total of up to DKK 1,000 million under the programme, but to a maximum of 1,600,000 shares. The share buyback programme will be implemented in compliance with Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and Commission Delegated Regulation (EU) No 2016/1052 of 8 March 2016, which together constitute the Safe Harbour rules. The bank may suspend or stop the buyback of shares at any time, in which event a corporate announcement will be issued. The conditions for the share buyback programme are as follows: The purpose of the share buyback is to adjust the bank's capital structure. Ringkjøbing Landbobank has appointed Danske Bank lead manager of the share buyback programme. Danske Bank will make all trading decisions independently, without influence from Ringkjøbing Landbobank, and will purchase shares within the published limits. The maximum amount that Ringkjøbing Landbobank may pay for shares purchased under the programme is DKK 1,000 million, while the maximum number of shares which it may acquire under the programme is 1,600,000. Ringkjøbing Landbobank may not purchase shares at a price exceeding the higher of (i) the price of the latest independent transaction; or (ii) the highest bid from an independent buyer on Nasdaq Copenhagen at the time of the transaction. The total number of shares that Ringkjøbing Landbobank may purchase on a single trading day cannot exceed 25% of the average daily traded volume over the preceding 20 trading days on Nasdaq Copenhagen. Ringkjøbing Landbobank will issue a separate weekly announcement to Nasdaq Copenhagen, in both aggregated and detailed form, stating the number and value of the shares it has purchased. Kind regards Ringkjøbing Landbobank John FiskerCEO Attachment Aktietilbagekøbsprogram 2025 igangsætning II ENError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
27-05-2025
- Business
- Associated Press
Fast Finance Pay Corp Publishes First Quarter 2025 Financial Statement
NEW YORK, NY / ACCESS Newswire / May 27, 2025 / Fast Finance Pay Corp. (OTC PINK:FFPP) today announced its financial results for the first quarter ended March 31, 2025. Operating Results for the three months ended March 31, 2025: Ole Jensen, CEO, President and Chairman of Fast Finance Pay Corp. stated, 'Our commitment to growing and expanding the company continues as we focus on customer satisfaction. We experienced growth in the advertising business and switching from the Merchant business without losing any momentum. We continue to implement a sales and marketing plan targeting B2C and B2B costumers with our numerous product lines and services, all of which we believe will result in continued growth. 'The first quarter included a great deal of time, effort and financial resources in conducting the reverse split, which we believe improved our capital structure and positions us a step closer to an uplisting. Over the last year, it has been a lot of work to move the Company forward, and I want to recognize the dedication of our employees who have embraced these changes to put us in a position to be successful. We are moving forward aggressively to have audited financials for the past 2 years and positioning the company for an uplisting as soon as possible. The one time expenses throughout the quarter did impact our net profit due to capital restructuring, reverse split, retaining auditors and preparing of the Up listing, however, we believe these costs are truly long term benefits that will bring value.' About Fast Finance Pay Corp. Fast Finance Pay Corp. is a communication and fintech innovator that delivers cutting-edge, end-to-end communication and financial solutions for businesses and individual users. Its unified ecosystem seamlessly combines secure communication with advanced banking technologies, enabling businesses and consumers to transact smarter and more efficiently. provides a mobile free-mail email platform, along with secure, encrypted instant messaging and cloud storage services. In addition to news and a comparison tool, it offers integrated free solutions that connect people worldwide on a single platform, is a completely free cross-platform messenger service for private and secure messaging, file sharing, and cloud storage, protected by military-grade encryption. Utilizing end-to-end encryption based on blockchain technology, it ensures safe communication through chat and video calls. Its integrated crypto wallet enables seamless payment exchanges via chat and worldwide crypto management. is an innovative solution for modern banking and crypto asset management. It offers seamless global integration of crypto trading, enabling users to buy, sell, and spend cryptocurrencies through a one-stop platform. By combining encrypted messaging with a noncustodial wallet, crypto-to-fiat conversions, and IBAN banking, delivers efficient tools for managing finances and conducting secure transactions worldwide. The Debit Card extends these advantages to everyday transactions for both individual users and businesses. Forward-Looking Statements This news release may contain forward-looking statements within the meaning of Section 27a of the Securities Act of 1933 (as amended) and section 21e of the Securities and Exchange Act of 1934 (as amended). Those statements include the intent, belief or current expectations of the Company and its management team. Forward-looking statements are projections of events, revenues, income, future economics, research, development, reformulation, product performance or management's plans and objectives for future operations. Some or all the events or results anticipated by these forward-looking statements may not occur. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements because of various factors. Accomplishing the strategy described herein is significantly dependent upon numerous factors, many that are not in management's control. CONTACT: Investor Relations Andrew Barwicki 516-662-9461 [email protected] SOURCE: Fast Finance Pay Corp. press release
