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Winely, founded by Jacob Manning and Abbe Hyde, was incorporated in 2018 to develop and manufacture technology to provide real-time fermentation analysis to the wine industry.
In their first report, liquidators Andrew McKay and Rees Logan, of BDO Auckland, said the business operations were financed through external private equity investment, together with secured debt, grant funding and loans from Callaghan Innovation Funds.
Repayment of investment funds failed to occur in accordance with undertakings and earlier this year the primary funder sought an independent review of the company’s financial…
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Under the swap plan, the company has offered to issue up to US$1.8 billion of perpetuals
[HONG KONG] Hong Kong developer New World Development, the poster child of the city’s distressed property sector, received additional bondholders support in its debt swap plan as the second early bird deadline closed, a filing showed.
Investors tendered a total of US$185 million of its perpetual bonds and US$39.5 million regular notes during the second early deadline of Nov 25.
Stung by a property slump in Hong Kong and mainland China, New World has been struggling with its debt. The swap is the company’s latest move to ease liquidity stress stemming from the years-long downturn. The company completed a record US$11 billion loan deal in June and…
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Current and former students who have HELP or the old HECS debt will see their fees reduced by 20 per cent at the end of next week as the Federal Government honours an election commitment.
Around the country, this will affect more than 3 million people, wiping almost $16 billion in total. Today alone, more than 1.5 million Australians will see their student debts cut by 20 per cent. That’s around half of all people with a student debt.
For someone with the average HELP debt of $27,600 this will see around $5,520 wiped from their debt.
Backdated to 1 June 2025 before the last indexation, it will reduce the burden for Australians with a student debt, including HELP, VET Student Loans, Australian Apprenticeship Support Loans, Student Startup…
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KDP/Getty Images
Black Friday has a reputation for fueling spending sprees thanks to doorbuster deals and limited-time discounts, which increase the pressure to buy at a lower price while you can. But at a time when the Black Friday promotions are ramping up, many households are also carrying more debt than they’d like to, especially in terms of their credit card debt. And, with credit card APRs hovering…
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By Joe Cash and Shi Bu, Reuters
Tonga’s King Tupou VI and China’s President Xi Jinping shake hands after a signing ceremony at the Great Hall of the People in Beijing on 25 November 2025.
Photo: AFP / Pool / Maxim Shemetov
- Tonga’s King Tupou VI visits China
- Beijing is vying with West for influence across Pacific
- The Pacific Island nation is heavily indebted to China
- Tonga also receives millions each year in Australian, US aid
China’s President Xi Jinping pledged fresh investment in Tonga when he met King Tupou VI of the South Pacific island nation in Beijing on Tuesday, as the Asian giant works to extend its influence across the Asia-Pacific.
Home to about 108,000 people, Tonga is among the small states at the centre…


