Embattled regional airline Rex is expected to slash more than 70 more jobs than originally planned when the company fell into voluntary administration last month. Ernst and Young administrators took over the troubled business in an effort to save the airline from collapse, which included cutting a total of 594 jobs from the airline’s domestic…
Embattled Chinese development company, Evergrande, has been ordered to liquidate by a Hong Kong court after an 18-month long hearing. Evergrande, which holds the ignominious title of the world’s most indebted property developer with about $300bn in liabilities, failed to convince the court that it had a viable restructuring plan, after having been given seven…
Business behind Cavalier Homes Geelong sent into liquidation The West Australian Read the original article here
A heavily pregnant woman is among Australians stranded in Vanuatu as the country’s national airline is placed into voluntary liquidation. On Thursday it emerged that all international flights scheduled on Air Vanuatu until Sunday had been cancelled, as the government “reviewed” the airline’s future. In a statement to media, Air Vanuatu confirmed international firm Ernst…
The Courier-Mail Essentials $16 charged every 4 weeks. Renewals occur unless cancelled as per full Terms and Conditions. Each payment, once made, is non-refundable, subject to law. Not in conjunction with any other offer. This subscription entitles you to access 30 locked articles on The Courier-Mail website only within each subscription period, and does not…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Amy Xie Patrick, Head of Income Strategies at Pendal discusses the systemic issues facing the Chinese economy and the effects of liquidating Chinese property companies. 02:53 Fri, Aug 16 20242:16 AM EDT Read the original article here
A record number of businesses were placed in voluntary administration last financial year. (James Ross/AAP PHOTOS) By Andrew Brown in Canberra A record number of businesses have been placed into administration in the past year, an inquiry has been told, with advocates saying inflationary pressures are affecting multiple industries. Officials from Australia’s corporate watchdog told…
Hawkers Beer enters voluntary administration as Aussie company teeters on brink of collapse MSN Read the original article here
Owner distress as companies plunge into administration The Advocate Read the original article here
Beleaguered book seller Booktopia has been saved from collapse via a buyout from digiDirect founder Shant Kradjian. The book chain went into voluntary administration in July. A representative for Mr Kradjian said Kogan.com, Woolworths, Dymocks, and QBD Books were among the other entities bidding on the administrator’s tender. Booktopia was in financial strife as it…