Hundreds of families across Australia are facing uncertainty after a company that stores umbilical cord blood went into liquidation. Brisbane-based Stemlife had more than 2,000 samples stored in its facility when it appointed liquidators BRI Ferrier early last month. Cord blood contains stem cells that can be used in the treatment of some…
Thousands of Hawaii residents will be losing their health insurance after a local company called Family Health Hawaii (FHH) was ordered into liquidation Thursday. The order, signed by First Circuit Court Judge Karen Nakasone, authorizes insurance commissioner Gordon Ito to take possession and control of FHHs assets as the liquidator and assume the powers of…
Long-time residents of Whyalla, where the steelworks have gone into voluntary administration, say uncertainty is having an impact on everyone and they are trying to support each other through a tough time. Cafe owner Alessandro Parisi said this week’s news about Arrium was having an impact on his business as well as others. “We’re…
File pic RELATED: Australian Workers’ Union to fight for Whyalla Steelworks READ THE STATEMENT: Scroll down Embattled steel and mining group Arrium has been placed into voluntary administration, following discussions with its lenders. The appointment comes just days after Arrium’s banking syndicate rejected a recapitalisation proposal from US group GSO and follows prolonged talks between the…
XINYU, China & CUPERTINO, Calif.–(BUSINESS WIRE)–LDK Solar CO., Ltd. (in Official Liquidation) (LDK Solar or the Company, OTC Pink:LDKYQ) today announced that on April 6, 2016, subsequent to the filing on February 11, 2016 of a joint creditors petition dated February 5, 2016 (the Petition) in the Grand Court of the Cayman Islands (the Cayman…
IAIN MCGREGOR/FAIRFAX NZ Stonewood Homes was placed into receivership owing unsecured creditors $15m. Now the IRD wants to liquidate it. Two Stonewood Homes companies owed Inland Revenue (IRD) more than $1 million at the time of their collapse, court documents reveal. The two firms owed more than $330,000 in outstanding PAYE tax a major debt that could result in senior figures being held criminally…
File pic RELATED: Australian Workers’ Union to fight for Whyalla Steelworks READ THE STATEMENT: Scroll down Embattled steel and mining group Arrium has been placed into voluntary administration, following discussions with its lenders. The appointment comes just days after Arrium’s banking syndicate rejected a recapitalisation proposal from US group GSO and follows prolonged talks between the…
AUSTIN, Texas–(BUSINESS WIRE)–Etude Capital, LLC, together with its affiliates and the other participants in its solicitation (collectively, Etude or we), collectively the largest stockholder of RENN Fund, Inc. (RENN or the Company) (AMEX:RCG), with ownership of approximately 11.4% of the Companys outstanding shares, issued the following statement regarding the news announcement that RENNs board approved…
Related Story: Arrium shares suspended while banks decide its future South Australian-based steelmaker and iron ore miner Arrium has been placed in voluntary administration by its directors. Key points: Administrators from Grant Thornton will assume control of Arrium’s day-to-day operations immediately, while working with lenders, staff, suppliers and government to review…
Arrium workers face uncertain future Thousands of jobs are at risk after troubled steel and mining group Arrium was placed in voluntary administration after failing to win the support of its lenders for a funding deal. The debt laden company has appointed Grant Thornton as administrators, with executive control to be transferred immediately. Arrium’s lenders…