Zomato share price rises 3% after firm informs of liquidation of its Netherlands subsidiary

Shares of Zomato surged 3% on Friday after the company said it is proceeding with the liquidation of its subsidiary Zomato Netherlands B.V. “…we wish to submit that Zomato Netherlands B.V. (‘Zomato Netherlands”), a step-down subsidiary of Eternal Limited (formerly known as Zomato Limited) (‘the Company”) situated in the Netherlands, has initiated the process of…

ASIC declines to prosecute Bonza despite liquidator’s insolvent trading claims

The corporate regulator has revealed it will not prosecute the directors of Bonza following the collapse of the budget airline last year. The Sunshine Coast-based carrier suspended all flights and entered voluntary administration in April 2024. Liquidators Hall Chadwick alleged the company traded while insolvent. On Friday a spokesperson for the Australian Securities and Investment…

New UK Company Buys Compeer’s Databases, IP

Compeer was liquidated after the sudden death of its CEO and majority shareholder earlier this year. A transaction with a new company starts a fresh chapter. The intellectual property and databases of UK-based wealth management benchmarking firm Compeer have been bought by a new business, BWC Benchmarking Limited, WealthBriefing can exclusively report. The formal…

Zomato Share Price Spikes After Liquidation Of Inactive Netherlands Subsidiary

Zomato Ltd.’s share price jumped 3.32% on Friday following the announcement that its inactive Netherlands subsidiary, Zomato Netherlands B.V., had initiated liquidation. Zomato, now known as Eternal Ltd., disclosed the liquidation process began on April 9. Zomato Netherlands, a step-down subsidiary of Eternal, has been inactive and does not contribute to the company’s turnover or…