Published on January 30, 2024 The China Evergrande Group has US$300 billion in liabilities and on Monday was put into liquidation by a Hong Kong judge. Once the largest property developer in China, if Evergrande stops building it may impact the demand for Australian exports. Here’s how. China Evergrande Group is listed on the Hong…
Rex Airlines has announced it has gone into voluntary administration and cancelled all flights between major airports. A statement posted on Rex’s website late on Tuesday said Regional Express Holdings Limited and a number of its subsidiaries under the Rex Group have entered voluntary administration. The airline’s shares went into a trading halt this week…
Air Vanuatu put into voluntary liquidation, aims to resume operations Reuters Read the original article here
Major boost for passengers on embattled Rex Yahoo Finance Australia Read the original article here
In 2023, we saw an increase in both voluntary administration and receivership appointments in Australia. In the context of Australia’s economic climate this was unsurprising — debtor companies were grappling with volatile markets, supply chain disruptions and uncertain economic conditions, and secured lenders were invoking either or both of these regimes as a means of…
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TMA submissions on corporate insolvency in Australia Herbert Smith Freehills Read the original article here
Australia’s toll of failed construction industry businesses will climb further, data company CreditorWatch warned on Wednesday after a high-end home renovations business went into liquidation leaving 95 customers stranded, some without insurance policies the director was required to arrange before accepting money. Ultimate Kitchens & Bathrooms went into liquidation owing unsecured creditors more than $4.6…
WA shires left in the lurch as airline goes into voluntary administration Farm Weekly Read the original article here
Cape York space centre boss’ consulting business goes bust The Cairns Post Read the original article here