As Christine Holgate does her due diligence ahead of taking the reins from Ahmed Fahour as chief executive of Australia Post she will discover a confusing mess of segment performance numbers in the organisation’s annual reports. Analysis of the accounts undertaken exclusively for Chanticleer show that since Fahour took over as CEO in 2011, the letters…
news Flynn Transport prepares to go into liquidation. Marc Stapelberg NSW Police have confirmed they are investigating allegations of fraud at Flynn Transport. The company went into voluntary liquidation yesterday with director Tony Flynn partly blaming the company’s demise on the actions of a former employee. Today it was confirmed that detectives from Richmond Local…
Passed in without a formal bid. Not even a dummy bid. Key points: Redundancy and restructuring costs have eroded print cash flow to “negligible” levels Fairfax will return to its selling up to 40pc of Domain real estate and cutting print costs Domain is valued at around $2.3b It is an irony not lost…
A group of companies run by the owner of SoleNet and Sure Telecom have been wound up as liquidators chase up a potential $2 million debt owed to creditors. The telecommunications companies owned by James Harrison were placed in liquidation in November 2014. These companies include Telco Service Holdings and Sure Telecom. Liquidators from Deloitte…
Volcano, Brighton 4 are currently in post-production. Michel Merkt has signed on as a producer on works in progress 2017 films Volcano and Brighton 4. Volcano is directed by Roman Bondarchuk and produced by Olena Yershova. The film centres on Lukas, a translator working for the Organization for Security and Co-operation in Europe, who is…
TORONTO, ONTARIO–(Marketwired – Jul 5, 2017) – Pele Mountain Resources Inc. (TSX VENTURE:GEM) (“Pele” or the “Company“) today provided a business update on the Company’s capital restructuring and its decision to proceed with the non-binding letter of intent (“LOI“) announced on June 1, 2017. Pele has engaged with all of its significant creditors regarding the…
Pele Mountain Resources Inc * Pele mountain provides business update * Provided business update on co’s capital restructuring, its decision to proceed with non-binding LOI announced on June 1 * Engaged with significant creditors regarding capital restructuring, potential ‘equity for debt’ conversion; got supportive responses * Expects to enter definitive agreement with Enirgi Group, provide…
RIO DE JANEIRO Almost a year after the Rio de Janeiro Olympics, Brazilian organizers are asking for help from the International Olympic Committee to satisfy creditors who are still owed about 130 million reals ($40 million). Mario Andrada, a spokesman for the Rio organizing committee, said Brazilian Olympic Committee President Carlos Nuzman would meet…
RBI likely to challenge Gujarat HC order Mumbai, July 5: In a move that could impede the Reserve Bank of Indias efforts to clean up the bad assets in the banking system, the Gujarat High Court has stayed further proceedings by the National Company Law Tribunal on the insolvency petition filed by the lenders against…
By Associated Press Published: 01:57 +10:00, 6 July 2017 | Updated: 01:57 +10:00, 6 July 2017 e-mail RIO DE JANEIRO (AP) – Almost a year after the Rio de Janeiro Olympics, Brazilian organizers are asking for help from the International Olympic Committee to satisfy creditors who are still owed about 130 million reals ($40 million).…