Private equity group Crescent Capital’s Oceania Glass has gone bust, unable to compete with cheap Chinese imports

Australia’s only architectural glass manufacturer, Oceania Glass, has collapsed after its losses mounted because of cheap imports from China and rising manufacturing costs. Grant Thornton was appointed on Tuesday as administrator of the company, which employs 260 people and has a manufacturing plant in the outer Melbourne suburb of Dandenong. Loading… Read the original article…

The people losing money to strata

The stress contributed to a deterioration in Go’s mental health until she ended up in hospital for six months, and her sister Wendy Lee, also a pseudonym, became her legal guardian. “She’d been living without electricity for almost a year, the water was dripping because she couldn’t pay the water bills and there was nothing…