$35bn solar venture backed by Forrest, Cannon-Brookes goes into voluntary administration – PerthNow

One of Australias largest renewable projects backed by prominent billionaires Andrew Twiggy Forrest and Mike Cannon-Brookes has collapsed. Renewable giant Sun Cable had proposed to build a $35bn solar farm in the heart of the Northern Territory, with a cable to provide green energy to Darwin and Singapore. On Wednesday, the company confirmed it had…

Singapore-based Sun Cable enters voluntary administration – Marketscreener.com

Jan 11 (Reuters) – Singapore-based clean energy start-up Sun Cable said on Wednesday it will enter voluntary administration, and appointed administrators to oversee the steps forward. The firm, chaired by Australian software mogul Mike Cannon-Brookes, said consensus on the future direction and funding structure of the company could not be achieved. (Reporting by Harshita Swaminathan;…

Sun Cable enters voluntary administration pv magazine Australia – pv magazine Australia

Sun Cable, the developer of the worlds largest solar and battery project and backed by two of Australias most powerful energy players Andrew Forrest and Mike Cannon-Brooks has entered voluntary administration. It is not yet clear what this will mean for the companys hallmark project, the Australia-Asia PowerLink, though the companys executives appear optimistic. January…

Bike-share company Mobike Australia goes into liquidation leaving bikes abandoned on streets – Daily Mail

Why you keep seeing these sad-looking bikes around your city as company’s second attempt to crack the tricky Aussie market fails dismally Mobike Australia has gone into liquidation after a second attempt in Australia The company was founded in China in 2015 by a former technology journalist About 1600 of the firm’s bikes are abandoned…

Now retail investors can invest in interim financing bonds; here’s how – Business Today

LegalPay, which is the countrys largest litigation funding platform, has launched Interim Financing Bonds that will allow retail investors to participate in a segment that is largely seen as an arena only for the high-net-worth individuals (HNIs). These bonds are fixed-income instruments to finance the expenses of companies undergoing Corporate Insolvency Resolution Process (CIRP). Retail…

LDC Pty Ltd: Construction firm collapses | news.com.au — Australia’s leading news site – news.com.au

A construction firm in Queensland has collapsed owing $7 million and leaving nearly 50 projects unfinished. LDC Pty Ltd, based in Brisbane, went into liquidation on Friday and becomes the first casualty in the construction industry in 2023. The company owes creditors and subcontractors $7.03 million, the Courier Mail reported. Liquidator Bill Karageozis, of Mcleods…

LegalPay to launch interim financing bonds for retail investors – Economic Times

LegalPay, a third-party litigation funder and interim financier said it has launched interim financing bonds where retail investors can invest through its platform with a minimum investment of Rs 10,000 and earn high-yielding returns. The tech-based fintech firm, which also invests in commercial litigations and insolvent companies, said that the first-of-its-kind bonds are fixed-income instruments…

Corporate Insolvency Service market: New Prospects to Emerge by 2029 | ASC Group, Baker Tilly US, Binder Dijke – openPR

“The global Corporate Insolvency Service Market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global Corporate Insolvency Service Market. For…