KUALA LUMPUR, April 1 — Australian fashion and lifestyle retailer Cotton On has dismissed reports that it is exiting Asia, clarifying that the liquidation of one of its entities, Cotton On Asia Pte Ltd, has no impact on its retail operations in the region. The fashion and lifestyle retailer said Cotton On Asia is an…
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SINGAPORE – A $14 million fundraising plan by former Cathay Cineplexes operator mm2 Asia to raise monies for debt repayment through a share placement has fallen through, the entertainment company said on April 1. The placement agreement, which aimed to offer some 1.9 billion shares at a minimum of 0.8 cent apiece, “has lapsed and…
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Patel said the whole sell-down process took 11 days from the date of the liquidation. A statement of affairs shows secured creditors are owed more than $1m, including around $550,000 to the Bank of New Zealand. Inland Revenue is owed around $425,000 in preferential claims and a further $434,000 in unsecured claims. Unsecured trade creditors…
Financial Services Bureau: Current Debt Restructuring Statutory Mechanism Reduces Risk of Forced Liquidation for Companies AASTOCKS.com Read the original article here
Cotton On Says Not Closing Stores Or Exiting Asia Bernama Read the original article here
Company voluntary liquidations ‘returning to normal levels’ – Deloitte Business Post Read the original article here