Owner distress as companies plunge into administration – Katherine Times
Owner distress as companies plunge into administration Katherine Times Read the original article here
Biome Technologies fends off liquidation with heavily discounted equity round
About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class…
Bonza has entered voluntary administration. What’s happening with the flight cancellations across Australia?
Many Australians have been left stranded at airports across the country after budget airline Bonza “temporarily” suspended all flights on Tuesday. The company entered voluntary administration within hours of the cancellations, and the administrators have since confirmed the fleet will remain grounded until Thursday, May 2. Here’s what we know so far. First up, what is…
Cipherise enters liquidation forcing change of plans by ANU – Woroni
Cipherise enters liquidation forcing change of plans by ANU Woroni Read the original article here
Bonza enters voluntary administration after abruptly cancelling all flights across Australia | Business
The low-cost airline Bonza entered voluntary administration on Tuesday, after abruptly cancelling all of its flights after the repossession of its entire fleet that caught its CEO by surprise. Passengers were left stranded at a handful of airports when Bonza “temporarily suspended” all services on Tuesday with no notice, as the airline’s owners considered the…
Crisis-hit Chinese property giant ordered to liquidate
Getty Images China’s property sector contributes roughly a quarter of the world’s second biggest economy A court in Hong Kong has ordered the liquidation of debt-laden Chinese property giant Evergrande. Judge Linda Chan said “enough is enough”, after the troubled developer repeatedly failed to come up with a plan to restructure its debts. The firm…
US burger chain Carl’s Jr enters voluntary administration in Australia
A beloved US burger franchise which had big plans to expand into Australia has entered voluntary administration. Late yesterday, KPMG’s David Hardy, George Georges and Emily Seeckts were appointed administrators of CJ’s Group, which is the master licensee for Carl’s Jr in Australia. The burger chain, which opened its first store in Australia in 2016,…
John Iliopoulos’ tech company collapses with $12 million debt – The Greek Herald
Melbourne-based tech start-up E-Mersion Media has sensationally collapsed with debts of over $12 million. According to liquidator Mathew Gollant’s report, the company, which specialised in digitising traditional print magazines, had been at a loss since its inception. The media-tech company only managed to make four sales in the four years it was in operation, coming…
Flights cancelled, Australians stranded as government considers putting Air Vanuatu in voluntary administration
In short: Travellers are stranded in Vanuatu after the country’s national airline cancelled international flights until Sunday. The airline confirmed its owner, the Vanuatu government, is considering putting it into voluntary administration. Australian tourists booked to fly back on the airline are waiting to hear when they can travel home. Australian tourists are stranded in Vanuatu…
$100M start-up shuts shop with $250K fire sale
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