In the case, two directors and shareholders of Jubilee Infrastructure Pty Ltd sought to finance the purchase and development of a property located in Hillcrest, South Australia in February 2022, by obtaining funds of between A$10 to A$15 million (approx. US$6.36 to US$9.54 million). Following enquiries, the directors were introduced through mutual connections to…
E-Bus Maker Lion Electric Faces Liquidation After Quebec Refuses Further Investment The Energy Mix Read the original article here
SAINT-JÉRÔME – Lion Electric will very likely be liquidated following the Quebec government’s refusal to invest more public funds in the company, says the court-appointed monitor for the electric-vehicle maker. Jean-François Nadon, a restructuring specialist with Deloitte, said in a Superior Court hearing on Monday that government aid would have been a condition of any…
Lion Electric opened its sprawling 900,000-square-foot plant near Joliet in 2023, touting the potential for 1,400 new jobs. The Quebec-based electric school bus maker found eager customers in Illinois school districts, which wanted to take advantage of generous federal grants, reduce pollution and give kids a cleaner, quieter ride to school. But the bad news…
Vinyl Me, Please — the Denver, CO-based record club company founded in 2012 — has announced its liquidation, Pitchfork reports. The announcement comes months after complaints from customers that they had been ghosted by the company, as well as that orders were no longer being fulfilled and returns were no longer being processed. Those outstanding…
Construction business insolvencies have risen to their highest-ever level, a City AM analysis has found, as a barrage of rising costs continues to squeeze many in the sector to the point of collapse. As many as 840 construction firms appointed liquidators or administrators in the first four months of the year, the analysis of corporate…
IC places pre-need company Caritas Financial Plans under liquidation BusinessWorld Online Read the original article here
Lion Electric will very likely be liquidated following the Quebec government’s refusal to invest more public funds in the company, says the court-appointed monitor for the electric-vehicle maker. Jean-François Nadon, a restructuring specialist with Deloitte, said in a Superior Court hearing on Monday that government aid would have been a condition of any sale of…
After months of complaints that Vinyl Me, Please had stopped fulfilling orders, processing refunds, and responding to emails, the Denver-based record club has announced its liquidation. The resolution of outstanding orders—including hefty annual subscription fees—is now in the hands of a third party, Vinyl Liquidators LLC, which has taken charge of Vinyl Me, Please assets…
Lion Electric faces liquidation as Quebec government denies further funding – Canadian Press Investing.com Read the original article here