In January 1998, Peregrine Investments Holdings Ltd., once billed as “the only indigenous investment bank in Asia”, was forced into liquidation after the revelation of huge losses in its fixed-income business and the withdrawal of potential investors from Europe and the United States. Peregrine was the highest profile corporate failures in the financial crisis in Asia to date. A company that appeared on top of the world in early 1997 had collapsed under a pile of bad debts less than a year later. Pe … Read more »

In January 1998, Peregrine Investments Holdings Ltd., once billed as “the only indigenous investment bank in Asia”, was forced into liquidation after the revelation of huge losses in its fixed-income business and the withdrawal of potential investors from Europe and the United States. Peregrine was the highest profile corporate failures in the financial crisis in Asia to date. A company that appeared on top of the world in early 1997 had collapsed under a pile of bad debts less than a year later. Peregrine’s death raised the question of how the company could debacle can be avoided. This case can be used to corporate governance and strategy development will teach in volatile environments.
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from
Michael J. Enright,
Vincent Mak
Source: University of Hong Kong
25 pages.
Release Date: 9 November 2001. Prod #: HKU168-PDF-ENG
Peregrine debacle HBR case solution

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