Hints and tips:
Related Special Reports
...And it enables Kingswood to lower SSI’s tax basis should it ever want to sell SSI, according to a person involved in the transaction. Those seem reasonable enough....
...Sujeet Indap Kingswood, after closing, ended up calling this technicality when it said, hey, look at SSI’s books. It has 109mn total debt on the SSI books....
...The Teesworks project is intended to regenerate the vast brownfield site in Redcar that was left behind by the collapse of steel manufacturer SSI in 2015....
...The ruling follows the release of an independent report last week that criticised the governance of the STDC, which was set up to regenerate the former SSI site at Redcar, known as Teesworks....
...Limited coverage of debt reporting, under-reporting of local governments, EBFs, SSIs, SOEs, and misreporting on complex debt instruments comprise the most urgent challenges. . . ....
...Ministers have earmarked the vast former SSI site for a huge modern industrial cluster, ploughing in £246mn in grants to prepare the land....
...Fundamentally, questions were being asked about the value for money of land deals at the former SSI site, which is being regenerated through a complex set of public-private arrangements between two bodies...
...In return, SSI would hand over the huge steel site. South Tees Development Corporation says this deal prompted SSI and the Thai banks to withdraw their objections to the compulsory purchase order....
...The largest active ETF, the First Trust SSI Strategic Convertible Securities ETF (FCVT) holds just $104mn....
...In 2015, the steelworks in Redcar, which had been nationalised in the 1960s, later bought by Tata and finally owned by Thai company SSI, ceased production....
...SSI “is delighted to have a strategic partnership with Oxford Biomedica, with the objective of building longterm capacity in the UK”, its chief executive Adar Poonawalla said in a statement....
...When Thai-owned SSI UK collapsed in 2015, killing off the Redcar blast furnace and ending Teesside iron and steelmaking, the government was quick to say how the Sirius project was bringing new activity and...
...Researchers at the SSI found that coronavirus antibodies taken from recovered patients showed a decreased sensitivity to the cluster 5 virus, suggesting — though not proving — that this particular mutant...
..., the Thai parent of SSI UK....
...SSI UK invested a further $600m and resumed iron and steelmaking at the site but struggled to make a profit....
...Ho Chi Minh City-based SSI Securities Corporation forecast Vietnam’s beer consumption could rise 20 per cent in 2021, in contrast to a drop of 12.7 per cent in the first half of 2020 from the year-earlier...
...The £50m government-funded SSI Task Force, aimed at helping the area to recover, earmarked £3.9m for start-ups, offering advice and grants of up to £10,000....
...They argue the risk of the SSI “providing free lunch bailouts for owners and private investors” would be curbed if the instrument were bought under strict political control and tightly targeted to help stricken...
...Beer consumption in Vietnam has quadrupled since 2004 and is set to rise to 4.2bn litres this year, from 3.6bn litres in 2016, according to Vietnam’s SSI Securities....
...The dumping sparked the collapse of Thai-owned SSI in 2011, after it purchased the Redcar steelworks in Teesdale. It forced steelwork closures in Hebei too....
...An independent STDC-commissioned survey valued SSI UK’s 870 acres at below £20m. The corporation paid £11.5m for the much larger Tata site....
...News of deal brings relief on Teesside On Teesside, there was great relief that the outcome for British Steel looked unlikely to be a repeat of the collapse of SSI UK in 2015, which led to the loss of 3,000...
...The demise of SSI wiped out 3,000 jobs in the area and the new project is central to regeneration plans....
...British Steel separately owns a 50 per cent stake in the Redcar bulk terminal, a deep water facility that previously serviced the former SSI steelworks on Teesside that fell into liquidation in 2015....
International Edition