extravagance – BOL News Staging

Lycra is completely under the control of Shandong Ruyi’s creditors

June 29, 2022 by Maryam nadeem

Lycra has gained new ownership after its former parent company defaulted on a $400 million loan. New owners consist of Hong Kong-based China Everbright Ltd and Seoul-based Lindeman Partners. Ruyi bought Lycra from Koch Industries for $2.6 billion in 2019, borrowing about $1 billion for the deal. U.S. fiber creator Lycra has acquired new possession, … Read more

The Canadian Senate approves the budget on housing and Russian assets

June 24, 2022 by Maryam nadeem

Canada’s Senate passes Prime Minister Justin Trudeau’s budget with no changes. Bill C-19 includes a two-year ban on foreign home buyers and the power to confiscate assets seized from Russia. Budget spending remains expansive, though less so than in the previous two years. Canadian Senate on Thursday passed Prime Minister Justin Trudeau’s budget plan, taking … Read more

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