Chiyoda Corp (6366.T)
Latest Key Developments (Source: Significant Developments)
May 9 (Reuters) - Mitsubishi Corp <8058.T>: :ANNOUNCES RESOLUTION ON FINANCIAL REINFORCEMENT PLAN FOR CHIYODA CORPORATION.TO SUBSCRIBE TO 70 BILLION YEN OF CHIYODA CORP A-CLASS PREFERRED SHARES AT 400 YEN A SHARE THROUGH THIRD-PARTY ALLOTMENT.TO LOAN 90 BILLION YEN TO CHIYODA CORP.HAS OPTION OF CONVERTING PREFERRED SHARES IN CHIYODA CORP TO COMMON STOCK AFTER JULY 1.WILL BE TREATING CHIYODA AS CONSOLIDATED SUBSIDIARY ONCE THE NECESSARY APPROVALS ARE OBTAINED. Full Article
SYDNEY Construction delays and cost blowouts could hit the next wave of liquefied natural gas (LNG) projects as there are a limited number of contractors able to handle the huge projects, three developers said on Wednesday.