Our intention is to return the money to shareholders as soon as we personally can, but it is driven by the liquidation process and the liquidator. It would be unfair for me to say this month or that month. We have no interest in holding back the money and neither does the liquidator, Hadian said.…
A New South Wales-based poster manufacturer that was contracted to supply banners for the Labor Partys election campaign banners has collapsed into liquidation. Roller Poster has been in operation since 1994, claiming on its website its still on a roll. The company was in the middle of completing a $100,000 contract to the Labor party to print…
Hillary Clinton mocked Donald Trumps business failings in a major speech arguing that the presumptive Republican nominee would be disastrous for the economy. “Hes written a lot of books about business. They all seem to end at Chapter 11,” Clinton quipped, adding. “He bankrupted his companies not once, not twice, but four times.” We rated…
Hyderabad, June 21: Pokarna Engineered Stone, a wholly-owned subsidiary of Pokarna, has come out of a corporate debt restructuring (CDR), which it had to take in 2012 due to delays and adverse market conditions. Lenders give nod Scripting a turnaround, PESL, which manufactures natural quartz surfaces under the brand name Quantra, earlier this month secured…
State-owned electricity producer Hidroelectrica exited insolvency on Tuesday for the second time. The decision was taken by the judges at the Bucharest Court. During the four years of insolvency, Hidroelectrica has been through a radical process of restructure and efficiency. Following this process, Hidroelectrica became the most profitable company from Romania, in the last years…
Reese Witherspoon was due to speak at event for Simpatico Connection The $3000-a-head event was to be held at the Dockside Pavilion in Sydney Simpatico Connection has gone into liquidation with debts of $2.1 million Poor ticket sales are considered as a factor in the company’s troubles Reese Witherspoon has yet to comment on the event’s cancellation…
The Federal Reserves legal authority to give Puerto Rico emergency funding to help it emerge from a $70 billion debt crisis is extremely limited, Fed Chair Janet Yellen told senators on Tuesday. I think our authority is extremely limited, and it wouldnt be appropriate for us to give loans to Puerto Rico, Yellen said in response to…
Photo: Finance Magnates UK-based London Capital Group Holdings PLC (LON:LCG), traded on the London Stock Exchange (LSE), announced details today of a restructuring proposal aimed to help strengthen the companys position. The deal will inject £10 million into the company, effectively boosting its regulatory capital and resulting in the stake of the majority shareholder of…
Hogan Lovells has launched a mobile app called How to Indo with the aim of helping companies navigate the legal landscape when doing business in Indonesia. Producing in conjunction with Dewi Negara Fachri & Partners, Hogan Lovells recently announced associate firm in Indonesia, the app has guides covering legal issues relating to mergers and acquisitions,…
The directors of Hacketts bookies have decided to place the business in liquidation, which will result in the closure of all of its 18 shops and the loss of 35 jobs. Originally founded by Cyril and Monica Hackett over 50 years ago, the family business expanded from its Midland base up to a peak of…