📰 Weekly Roundup (10-16 March 2026): Singapore’s Embrace of PRC Reorganisation Proceedings | Serba Dinamik’s Wanted Boss | India’s Battle-Hardened Billionaires | Asia’s Credit Map
Weekly newsletter
Dear Valued Contacts,
Acrostics Asia’s feed last week was packed with insights across Singapore, China, Malaysia and India, as well as an analysis of Asia’s credit news and research landscape.
Happy to share this piece written by Lauren’s team at Virtus Law, a member of the Stephenson Harwood (Singapore) Alliance. It’s a timely and relevant article that highlights the readiness of the Singapore Court to lend cross-border support to PRC insolvency or reorganisation proceedings.
🤝🏻 Guest Take: Bridging Borders – Singapore’s Embrace of PRC Reorganisation Proceedings by Virtus Law (12 March 2026)
The Singapore High Court has granted recognition and ancillary relief for consolidated reorganisation proceedings related to three companies in the People’s Republic of China.
While not the first time the Singapore Court recognised a PRC liquidation proceeding, this decision is the first reported judgment in Singapore to recognise and provide relief in support of PRC reorganisation proceedings, according to the article written by Virtus Law’s Managing Partner Lauren Tang, Senior Associate Yilei Tan and Associate Chit Yee Ooi.
💼 Brief Take: Serba Dinamik’s Wanted Boss (14 March 2026)
Serba Dinamik’s boss has made it into the Malaysian regulator’s “Wanted” poster, marking the latest turn in the former market darling’s fall from grace.
The Malaysian energy services company’s house of cards tumbled down in May 2021 when KPMG raised questions on sales transactions, trade receivables and on-site materials worth around MYR 3.5 billion (USD 888.7 million).
Serba had two key similarities with bankrupt Indonesian textile company Sri Rejeki Isman (Sritex):
Despite posting consistent growth, their businesses were actually propped up by working capital engineering as they weren’t generating enough cashflow.
Both companies also reported margins that were higher than the industry average even though they were not adding substantial value.
💼 Brief Take: India’s Battle-Hardened Billionaires (12 March 2026)
Indian tycoons have shown battle-hardened resourcefulness that makes them formidable opponents for those who want to take them on.
Adani Group has retained access to global lenders despite the legal risks from an ongoing Securities and Exchange Commission (SEC) case in the US. Another Indian conglomerate, Vedanta Group, has also been able to shake off the attack of Viceroy Research last year, as some of its dollar notes have delivered gains for investors.
📝 Off Grid: Asia’s Credit Map (13 March 2026)
I analyzed the four types of players in Asia’s credit news and research landscape: mainstream media, Bloomberg, niches and individuals.
Acrostics Asia’s collaborative model draws signal from a network of local experts and delivers it to end users including investors, bankers and advisors. It offers a win-win because Acrostics Asia operates as a grid that can help collaborators to reach a wider audience.
As always, I’m open to tips and feedback. Have a good week ahead!
Best,
E