ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Amy Xie Patrick, Head of Income Strategies at Pendal discusses the systemic issues facing the Chinese economy and the effects of liquidating Chinese property companies. 02:53 Fri, Aug 16 20242:16 AM EDT Read the original article here
A record number of businesses were placed in voluntary administration last financial year. (James Ross/AAP PHOTOS) By Andrew Brown in Canberra A record number of businesses have been placed into administration in the past year, an inquiry has been told, with advocates saying inflationary pressures are affecting multiple industries. Officials from Australia’s corporate watchdog told…
Hawkers Beer enters voluntary administration as Aussie company teeters on brink of collapse MSN Read the original article here
Owner distress as companies plunge into administration The Advocate Read the original article here
Beleaguered book seller Booktopia has been saved from collapse via a buyout from digiDirect founder Shant Kradjian. The book chain went into voluntary administration in July. A representative for Mr Kradjian said Kogan.com, Woolworths, Dymocks, and QBD Books were among the other entities bidding on the administrator’s tender. Booktopia was in financial strife as it…
More than 70 jobs will be cut at troubled regional airline Rex as administrators continue to evaluate the business and search for an appropriate buyer. Rex collapsed into voluntary administration in late July, after days of speculation about the airline’s future. Since administrators from consulting firm EY were appointed, a total of 594 jobs have…
Vacuum giant Godfreys collapses after 90 years Hawkesbury Gazette Read the original article here
A Gilbert-based electric vehicle charging company that landed millions of dollars in a venture capital deal last year is liquidating its assets and closing its business. Zevx Inc., via special purpose entity Zevx Liquidation LLC, auctioned off inventory — including battery packs, modules and equipment — from its warehouse at 565 E. Germann Road in…
A buyer has been secured for Booktopia after the troubled online retailer collapsed into administration last month following a major slump in share value. The ailing business and related assets was bought by the owner of digiDirect last week, an Australian-owned business specialising in consumer electronics like cameras, computers and gaming tech. Administrators shared the…
Liquidations in the British Virgin Islands can be either an insolvent liquidation governed by the Insolvency Act 2003 (as amended), or a solvent liquidation governed by the BVI Business Companies Act (as amended). This article provides a brief overview of insolvent liquidations. Insolvent liquidation The purpose of an insolvent liquidation is to bring a company’s…