Cathay Cineplexes, one of Singapore’s longest-standing cinema operators, is heading into creditors’ voluntary liquidation after failing to reach restructuring agreements with multiple landlords and creditors. Its parent company mm2 Asia announced on Monday (1 September) that Cathay Cineplexes had received statutory demands and claims from entities including DBS Trustee (as trustee of Lendlease Global Commercial…
Liquidated Palmerston North cafe sold ThePost.co.nz Read the original article here
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Iwaki Co. Ltd. ( (JP:6237) ) has shared an announcement. Iwaki Co., Ltd. announced the completion of the liquidation of its overseas non-consolidated subsidiary, IWP Holding Company…
Superfood Kitchen moves to liquidation following closure of last outlet Singapore Business Review Read the original article here
Queensland developer Con Bassili is again under financial pressure, with multiple companies tied to him and long-time business partner George Cheihk now in administration or liquidation, carrying debts of more than $40 million. Bassili, 55, a former bankrupt, is a shareholder in Queensland Developments Payroll, which went into voluntary administration last year owing $5.4 million.…
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Subsea Services Limited is listed as a company that deals with “engineering related scientific and technical consulting activities.” But a resolution to voluntarily wind up the firm was passed during a meeting at the company’s office on 20 Bracken Road, near Duloch Park. Steven Wright, Licensed Insolvency Practitioners were appointed as liquidators on July 15. Liquidation is the…
Entertainment company mm2 Asia on Sept 1 announced that Cathay Cineplexes will undergo voluntary liquidation. The struggling cinema chain, which owes money to the landlords of several of its outlets, is unable to continue operating as a going concern, its parent company said. “Cathay Cineplexes had attempted to negotiate amicable resolutions with the various creditors,…
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Cathay Cineplexes to undergo creditors’ voluntary liquidation amid mounting debts The Online Citizen Read the original article here