Miniso Australia facing winding up order after collapse

The Australian former master franchisee for multinational discount retailer Miniso will face a winding up hearing in the Supreme Court of New South Wales on Thursday, less than 12 months after the business was placed in voluntary administration for the second time. According to a notice published by the Australian Securities and Investments Commission (ASIC),…

A Sanctioned Chinese Centrifuge Company Is Liquidating. Its Old Subsidiary Keeps Selling.

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Victoria is the bankruptcy capital of Australia

The Victorian government’s financial troubles are widely documented. In 2023-24, the state had the nation’s highest per capita net debt and the lowest credit rating (AA). The trend growth in Victoria’s debt is equally alarming. The two leading international rating agencies, S&P and Moody’s, warned that if debt levels are not managed, Victoria’s credit rating…