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On Jan 23, Justice Chionh Sze Chyi ordered privately held operator Tipsy Bird to be wound up following a winding-up application filed by United Overseas Bank. Tipsy Unicorn. Photo courtesy of Sentosa Development Corporation Court documents reviewed by The Straits Times show that UOB is seeking to recover more than SGD96,000 (US$76,000) in debt plus…
REVEALED: Latest business liquidations in Logan The Courier Mail Read the original article here
JOHANNESBURG, South Africa – South Africa’s trade ministry said on Friday it would oppose the liquidation of sugar producer Tongaat Hulett, warning of severe consequences for jobs, farmers, and the country’s sugar industry. The 134-year-old Tongaat Hulett is one of South Africa’s biggest sugar millers, with capacity to mill 2 million metric tons. It employs…
The Department of Trade and Industry has reiterated its commitment to efforts aimed at protecting the sugar sector and jobs amid the pending liquidation of sugar producer Tongaat Hulett. This follows concerns of the imminent collapse of the 134-year-old company after another failed attempt to rescue the business. Tongaat Hulett’s closure could devastate KwaZulu-Natal’s local…
THE filing for provisional liquidation by Tongaat Hulett on February 12 marked the end of an era for a 134-year-old giant of the South African industry. What began as a hopeful business rescue process in October 2022, has devolved into a legal and financial crisis, leaving the nation’s sugar sector on the brink of collapse.…
The bitter harvest: the Tongaat Hulett liquidation and its ripples across SA IOL Read the original article here
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RCI Industries & Technologies Limited has secured a crucial listing approval from BSE Limited for 1,05,26,315 equity shares of Rs. 10 face value each.These shares are a key component of the resolution plan sanctioned by the National Company Law Tribunal (NCLT) via JTL Industries. Reader Takeaway: Listing approval provides liquidity path post-NCLT; operational revival and…
Cox Yeats Shortlisted for Business Rescue and Turnaround Transaction of the Year 2025 at the DealMakers Awards 2026 Engineering News Read the original article here