|
|
|
|
|
HONG KONG, June 20, 2013 - (ACN Newswire) - Titan Petrochemicals Group Limited (HKSE: 1192, "Titan" or "the Company", together with its subsidiaries the "Group") makes further inroads in its debt restructuring. It announced today that the Company has selected Alvarez & Marsal ("A&M") as its financial restructuring advisor and White & Case LLP ("White & Case") and Drew & Napier LLC ("Drew & Napier") as its legal counsels.
Executive Director and Chief Executive of Titan, Mr. Tang Chao Zhang, said, "We have taken active steps to take Titan out of the woods through striking out a liquidation petition last month and improving the Company's financial position with the introduction of new capital resources over the past few months. The appointment of Alvarez & Marsal, White & Case and Drew & Napier as our financial restructuring advisor and legal counsels respectively to provide debt restructuring and related financial and legal advisory marks an important step forward in bringing the Company's operations back on track."
About Alvarez & Marsal
Alvarez & Marsal is a global professional services firm specializing in turnaround and interim management, performance improvement and business advisory services. A&M delivers specialist operational, consulting and industry expertise to management and investors seeking to accelerate performance, overcome challenges and maximize value across the corporate and investment lifecycles. Founded in 1983, the firm is known for its distinctive restructuring heritage, hands-on approach and relentless focus on execution and results.
About White & Case
White & Case LLP is a leading global law firm with lawyers in 39 offices across 27 countries. Among the first law firms to establish a truly global presence, White & Case provide counsel and representation in virtually every area of law that affects cross-border business. Clients of White & Case value both the breadth of its global network and the depth of its US, English and local law capabilities across the regions where the firm operates for their complex cross-border transactions, as well as their representation in arbitration and litigation proceedings.
About Drew & Napier
Drew & Napier is one of the oldest and largest law firms in Singapore with full service capabilities. Drew & Napier has been recognized as market leaders in the region in various practice areas such as litigation, arbitration, M&A, Competition and others. Drew & Napier's Restructuring & Insolvency Practice and its partners have been consistently ranked Tier 1 by Chambers & Partners and other leading publications for several years and have received numerous accolades for its ability to provide exceptional service and innovative solutions. The practice group has high level of expertise and depth of experience and has handled the largest and most complex debt restructurings and work-outs in the region for the last few years.
Topic: Legal Action
Source: Titan Petrochemicals Group Ltd
Sectors: Daily Finance
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
