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. Housing Development & Infrastructure Ltd. ( (IN:HDIL) ) has provided an announcement. Housing Development and Infrastructure Limited has announced an adjourned meeting of its directors to be…
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ManufacturingDeals The largest shareholder in Zytronic plc is seeking to block the solvent liquidation of the historic North East tech firm. A boardroom battle has erupted after Tom Spain, who owns 19% of shares in the London-listed business, forced an emergency shareholder vote to appoint himself and colleague Glen Arnold as directors of the company.…
Newnham Trucking in Brisbane has gone into voluntary administration. A Brisbane trucking company has collapsed into voluntary administration after 23 years of operation. ASIC records show Newnham Trucking, based near Logan in Brisbane’s south, entered voluntary administration this week after it stopped trading in June. The Courier Mail reported the company owed about $1m in…
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Bankrupt airline Go First now faces a lawsuit over missing tyres leased to it by the Japanese tyre maker Bridgestone. The tyre company, which had leased 1,400 tyres to the airline at $200-700 per tyre per month, now wants them back. Its Thailand subsidiary, Bridgestone Aircraft Tire Manufacturing (Thailand) Company, has petitioned the National Company…
Trucking company collapses with $1m debt The Australian Read the original article here
The meeting was told an investigation was ongoing into whether the business had traded while insolvent – meaning the business continued operating despite being unable to pay its debts. If proven, Kellock could be personally liable for some of the unpaid debts. Loading “[Which means] the parties could pursue them [the directors], and if they…