The Australian Securities and Investments Commission has banned two execs of the now-defunct Uglii Group from running any company.
Former Uglii Group directors Heather Knorr and Ge Zhu were disqualified by ASIC from managing corporations for four years for their roles in the insolvency of six companies within the group.
Uglii Group, whose core business involved search and indexing technology, was wound up in 2016 after the six companies in the group became insolvent.
The six companies were Uglii Corporation Limited, Traralgon Technology Holdings Limited, Uglii Find Australia Limited, BizMio Limited, Projects Discovery Services Pty Ltd and Uglii Ads System Pty Ltd.
ASIC alleged that Knorr and Zhu both failed to preve…
Read the full article at: https://www.crn.com.au/news/asic-bans-former-directors-of-failed-online-search-firm-uglii-group-523728