KUALA LUMPUR: The board of directors of Sime Darby Bhd (SDB) has approved the final terms of the groups restructuring proposals to create three standalone listed entities in the Plantation, Property and Trading & Logistics sectors on the Main Market of Bursa Malaysia Securities Bhd. The proposals involve the restructuring of the Groups borrowings, transfer…
The insolvency proceedings launched against Jaypee Infratech (JIL) have left over 30,000 people who invested in apartments spread across 27 projects of the real estate firm standing on shaky ground. This vulnerability stems from the fact that homebuyers figure very low in the creditors order for payment of dues under the Insolvency Code. Once the…
Two businesses connected to David J. Brown, the startup founder ousted from ad tech startup Ve Interactive, have gone into liquidation with hundreds of thousands of pounds owed to staff and HMRC. The two firms are boutique shop Clerkenwell London, and high-end furniture maker Tree Couture. Their insolvency marks the continued unravelling of Browns business…
Christopher Lavery says he was watching a Rambo film when his mate was murdered found later with a knife in his neck and his body and Jeep torched. But a Melbourne jury on Friday decided that instead of sitting in a cinema, it was Lavery himself who killed James Russouw and robbed him of cash…
Christopher Lavery says he was watching a Rambo film when his mate was murdered – found later with a knife in his neck and his body and Jeep torched. But a Melbourne jury on Friday decided that instead of sitting in a cinema, it was Lavery himself who killed James Russouw and robbed him of…
NEW DELHI: Homebuyers in Jaypee Infratech projects, except for a few towers in its Aman project, will have to fill up forms to register their claims for the corporate insolvency resolution process against the company. Also Read: How Japypee homebuyers can fill claim form In a meeting on Monday between Jaypee Infratech MD Manoj Gaur,…
Christopher Lavery says he was watching a Rambo film when his mate was murdered – found later with a knife in his neck and his body and Jeep torched. But a Melbourne jury on Friday decided that instead of sitting in a cinema, it was Lavery himself who killed James Russouw and robbed him of…
Perth-based Automotive Holdings Group has delivered a lower full-year net profit result on the back of restructures and one-off costs associated with its refrigerated logistics business. The diversified business reported a 38.4 per cent drop in net profit to $55.5 million for the 12 months to June, but grew revenue by 8 per cent to…
Australia’s largest car dealership company, Automotive Holdings Group, faces a $15 million hit to profits in 2017-18 from the industry-wide crackdown on add-on insurance products for car owners by the Australian Securities and Investments Commission. AHG has 110 car dealerships across Australia and New Zealand, with 37 in its home state of Western Australia, where…