This year is shaping as a tipping point that will see company collapses increase, insolvency and deal experts say. Photo: Philip Gostelow Much of Australia’s mining services sector and other businesses that rode the resources boom might be getting by on “life support”, but this year is shaping as a tipping point that will see…
Stocks: SNG Singulus Technologies has highlighted the essential support it needs from shareholders and bondholders to avert liquidity issues that would force the company into insolvency. Specialist PV manufacturing equipment supplier Singulus Technologies has highlighted the essential support it needs from shareholders and bondholders to avert liquidity issues that would force the company into insolvency.…
The company with the licence to sell Jeep clothing and footwear in Australia has collapsed into voluntary administration. The collapse comes around 10 years after Jeep opened its first concept store in Melbourne through local licensee Revolution Brands. Revolution Brands appointed voluntary administrators last week, with Barry Wright from Cor Cordis Chartered Accountants acting as…
Notification of Creditors and Ministry Within a period of 30 days as of the date of the start of liquidation of the PT company, the liquidator shall notify the liquidation of the company to: A. the creditors, by way of announcement in a local newspaper and the State Gazette of the Republic of Indonesia; and…
DAVID UNWIN / FAIRFAX NZ. The Highflyers building, on the corner of The Square and Main St in Palmerston North, has been largely empty since 2013. The liquidation of the company that wanted to redevelop the Highflyers building in Palmerston North has ended badly for creditors. Liquidators have been unable to squeeze a cent out…
DAVID UNWIN / FAIRFAX NZ. The Highflyers building, on the corner of The Square and Main St in Palmerston North, has been largely empty since 2013. The liquidation of the company that wanted to redevelop the Highflyers building in Palmerston North has ended badly for creditors. Liquidators have been unable to squeeze a cent out…
Video will begin in 5 seconds. More video Recommended Replay video Dick Smith employees ‘a significant group of creditors’ Dick Smith administrators address creditors at a meeting in Sydney on Thursday. PT1M31S 620 349 “There’s an old saying in Tennessee I know it’s in Texas, probably in Tennessee that says, fool me once shame on…
The Zimglass factory in Gweru Lovemore Zigara, Midlands CorrespondentTHE countrys sole flint glassmaker, Zimbabwe Glass Industries (Zimglass), will meet creditors next week to pave way for liquidation. Zimglass, a subsidiary of the Industrial Development Corporation (IDC), was placed under judicial management in June 2014. The company took the liquidation route after failing to attract investors…
Dairy producer Aynes Gida Sanayi sought to postpone bankruptcy and failed to make a payment on a bond, as Russian President Vladimir Putins economic sanctions on Turkey claimed their first high-profile corporate victim. Ayness application to delay insolvency is part of its plan to suspend repayment of bank debt, according to Eren Yazicioglu, the Denizli-based…