E-Mersion Media collapses into liquidation owing $12m, makes 4 sales in 4 years

An Aussie tech start-up that sensationally collapsed with debts of more than $12 million was losing money since its inception, according to the liquidator’s report. E-Mersion Media, based in Melbourne and with offices also in the UK, captured investors’ interest with its “innovative” idea of digitising traditional print magazines. But the media-tech business only managed…

Adelaide bus manufacturer hits roadblock

Edinburgh-based BusTech SA, together with its Queensland counterpart, appointed a voluntary administrator on August 12. BusTech SA was party to an $11.75 million state government contract announced in January, in which it would supply vehicle bodies, with Scania to build the chassis. Transport Minister Tom Koutsantonis said he was concerned about BusTech’s situation. “I’m very…

ASLAN Pharmaceuticals Announces it Has Filed for Voluntary Liquidation of Its Sole Operating Subsidiary and is Commencing Steps to Place Itself Into Voluntary Liquidation – Yahoo Finance

ASLAN PHARMACEUTICALS LIMITED Following a thorough review of all strategic alternatives, ASLAN Pharmaceuticals Pte Ltd, the sole operating subsidiary of ASLAN Pharmaceuticals, has filed for voluntary liquidation Quantuma (Singapore) Pte Limited International has been appointed as the official liquidator and will seek potential strategic alternatives for the Companys development programs, eblasakimab and farudodstat SAN MATEO,…

Darleen Tana: Husband's bike shop in liquidation, insolvency firm combing through store – New Zealand Herald

About 4.30pm, the Companies Office updated its website to say E Cycles NZ Limited has had liquidators, receivers or voluntary administrators appointed. The liquidators are Kieran Michael Jones and Steven Khov. Two accountants from Khov Jones were combing through the shop when the Herald visited. They would not discuss their activities inside the store. Advertisement…

BREAKING Actura New Zealand placed into liquidation – Times Online – Auckland

Actura Australia was placed into liquidation last month and now its New Zealand business has followed suit. File image Educational travel company Actura New Zealand has today July 17 been placed into liquidation. The move follows its Australian parent company, Actura Australia Pty Ltd, going into liquidation last month. As the Times has previously reported, numerous…