Queensland cosmetic chain buckles under 25 patient lawsuits – The Courier Mail
Queensland cosmetic chain buckles under 25 patient lawsuits The Courier Mail Read the original article here
Superfood Kitchen to liquidate with closure of last outlet in Raffles City
SINGAPORE – Local eatery Superfood Kitchen will enter voluntary liquidation with operations at its last outlet, in Raffles City, ceasing on Aug 31. Superfood Kitchen faces mounting losses and was not able to agree on rental rates with the landlord, said its Singapore-listed parent, Autagco, in an Aug 31 bourse filing. The eatery is the…
Understanding Liquidation: Process, Implications, and Examples
What Is Liquidation? Liquidation in finance and economics is the process of bringing a business to an end and distributing its assets to claimants. It is an event that usually occurs when a company is insolvent, meaning it cannot pay its obligations when they are due. As company operations end, the remaining assets are used to…
Auditor flags Rs 63 crore as potentially fraudulent transactions in HNG – Moneycontrol
Auditor flags Rs 63 crore as potentially fraudulent transactions in HNG Moneycontrol Read the original article here
Melbourne-based Ezprint closes its doors [UPDATED]
Melbourne commercial printer, Ezprint, has hit the skids, entering voluntary liquidation following a general meeting of company members last Friday (15 August), halting all work and terminating employment for all staff. A letter to staff members from company director, Daniel Mayson, stated: “Unfortunately, despite our best efforts, we have reached a point where the business…
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Boardroom battle shatters touchscreen maker Zytronic – The Times
Boardroom battle shatters touchscreen maker Zytronic The Times Read the original article here
Major logistics operator calls in voluntary administrators
One of Australia’s largest independent logistics operators, XL Express, has entered voluntary administration after 35 years in business. The Queensland-based company, which launched in 1990 and built a national road transport logistics network, has appointed FTI Consulting as voluntary administrators to carry out what it describes as an “urgent assessment” of the company’s viability. The…
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