80 ex-Twelve Cupcakes staff to get half their unpaid salaries after 5 months’ wait, MOM issues warning Mothership Read the original article here
Woodbois Limited in Liquidation: information for creditors and shareholders GOV.UK Read the original article here
Singapore MOM steps in with stern warning to Twelve Cupcakes after unpaid salaries affect 80 workers People Matters Global Read the original article here
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…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
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
There were 213 corporate insolvency appointments in the first three months of the year, according to analysis by Deloitte, a 3% rise compared to the same period last year. Deloitte said early indications suggest retail sector insolvencies are up totalling 30, or 14% of insolvencies. While hospitality insolvencies were down by 27% ahead of the…