“The voluntary administration process aims to achieve the best outcome for all stakeholders. This may include selling the business and assets to interested parties.” The administrators said they were calling for urgent expressions of interest. Administrators said they met with staff at 8:30am this morning to explain the process going forward. “The aim is to…
All Smiths City stores across New Zealand have been placed into voluntary administration, with doors shut this morning while administrators urgently assess the company’s financial position. Staff were called into a meeting at 9am where they were informed of the decision. At 8.30am all nine Smiths City stores, along with its online shop, were temporarily…
Gaza postwar plan envisions ‘voluntary’ relocation of entire population The Washington Post Read the original article here
This picture taken from Israel’s border with the Gaza Strip shows smoke billowing over destroyed buildings during an Israeli strike on the besieged Palestinian territory on July 17, 2025. Jack Guez | AFP | Getty Images A document detailing plans for post-war Gaza aims to make President Donald Trump’s “Gaza Riviera” vision a reality —…
Despite facing insolvency proceedings, embattled real estate firm Supertech Ltd has managed to hand over possession of 6,121 apartments to its customers over the last three years. The delivery spans across various housing projects and is executed under the supervision of a resolution professional assigned by the National Company Law Tribunal (NCLT). The NCLT…
Timaru plumbing firm Nexus Services owes more than $550k The Press Read the original article here
Company liquidations are up 26 percent year-on-year. Photo: MARIKA KHABAZI / RNZ Company liquidations have increased significantly, despite positive lending trends and eased interest rates. The latest Centrix Credit Indicator for August shows company liquidations are up 26 percent year-on-year, partly due to increased enforcement activity by Inland Revenue. But chief operating officer Monika Lacey…
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Reference is made to the extraordinary general meeting of Philly Shipyard ASA(under liquidation) (the “Company”) held on 25 June 2025 (the “EGM”), whereshareholders resolved that the Company would apply to delist its shares fromEuronext Expand. Subject to approval of the delisting application, the EGMfurther resolved to convert the Company into a private limited liabilitycompany(Nw. aksjeselskap)…
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. Philly Shipyard ASA ( (AKRRF) ) has shared an update. Philly Shipyard ASA, currently under liquidation, announced that its shares will be delisted from Euronext Expand following…