Microvast

Restructuring · Asia

China Water Environment Group, one of China's largest sewage treatment firms, is seeking to restructure about $410 million of offshore loans, amid a growing number of Chinese state-backed firms facing debt challenges.

Restructuring · Asia

nLIGHT fully exited its operations in China during Q3 2026, incurring restructuring costs, while qualifying alternative suppliers to build a more resilient domestic footprint amid optical supply chain constraints.

Restructuring · Asia

The High Court has ordered the Singapore foodcourt operator Singapura Heritage Food Hall to be wound up. The F&B company is linked to restaurant group Lao Huo Tang.

Restructuring · Asia

Allergy Therapeutics plans to cancel its AIM listing in London and re-register as a private company, citing listing costs and a 71% share price drop, and intends to pursue a primary listing on the Hong Kong Stock Exchange.

Restructuring · Asia

MotorSense, the AI predictive-maintenance business of document-AI firm ePapyrus, was established as an independent corporation on 1 November, retaining its name and existing staff, and will continue its motor fault-prediction business.

Restructuring · Asia

Petronas Gas Bhd completed the transfer of its gas processing and utilities businesses to two newly operating subsidiaries (PG Gas Processing Sdn Bhd and PG Utilities East Sdn Bhd) effective Nov 1, 2026, as part of a proposed internal reorganisation. The gas transportation business transfer to PG TransCo Sdn Bhd is still pending a later date.