SHANGHAI A court in southern China has formally declared bankrupt Guangxi Nonferrous Metals Group Co Ltd, an unlisted state-run metals producer that defaulted on a bond in February and missed a payment in April. The firm, which is owned by the Guangxi provincial government, had failed to propose a court-ordered reorganisation plan within a six…
Toxic spill fears for Truegain TRUCKS, TANKS AND TUBES: View of the Truegain and Australian Waste Oil Refineries business at Rutherford, which closed suddenly last week. Picture: Perry Duffin. exit CONTROVERSIAL Rutherford recycler Truegain has shut its doors, leaving angry workers owed money and an environmental legacy of toxic materials including the firefighting foams at the heart of the Williamtown…
Continued James White, Founder of Burrangong Station (13) Thomas Whites, widow, Sarah, and her new husband, James Cowell, were having problems in Tasmania when in 1837 Cowell was declared bankrupt. Because of this Cowell could not renew his wine and spirit license. To make the situation worse for Sarah her husband was killed in 1838…
Dominic Chappell owes more than £500,000 to the taxman on the profits he made from owning BHS, the collapsed department store chain. HMRC has started legal proceedings against the disgraced businessman to try to recover the money. However, Chappell has put the business that owes the tax, Swiss Rock Limited, into liquidation, meaning he could…
Comments (0) A Brentwood company which was part of a fake £330,000 South American gold mine investment scheme has been closed down following a government investigation. Evolution Trade Services Limited, in Kings Road, offered people the opportunity to invest in three South American gold mines. Using a database, they cold-called members of the public with offers…
SEOUL, Sept. 19 (Yonhap) — The former chief of Tonyang Group, who was convicted of selling fraudulent investment products (CPs), was declared bankrupt by a local court on Monday. The Seoul Central District Court said it ruled in favor of the plaintiffs who filed a petition in December 2015, after being deceived into buying fraudulent…
SEOUL, Sept. 19 (Yonhap) — The former chief of Tonyang Group, who was convicted of selling fraudulent investment products (CPs), was declared bankrupt by a local court on Monday. The Seoul Central District Court said it ruled in favor of the plaintiffs who filed a petition in December 2015, after being deceived into buying fraudulent…
The core assets of the insolvent KVV Liepajas Metalurgs metallurgy company should be sold as a whole, the companys insolvency administrator Guntars Koris said LETA. He said that the next step in the companys insolvency process would be inventory of its fixed assets and their evaluation. As the Privatization Agency has been doing that earlier,…
SEOUL, Sept. 19 (Yonhap) — The former chief of Tonyang Group, who was convicted of selling fraudulent investment products (CPs), was declared bankrupt by a local court on Monday. The Seoul Central District Court said it ruled in favor of the plaintiffs who filed a petition in December 2015, after being deceived into buying fraudulent…
ANY COMPANY CAN ISSUE two types of stock common stock and preferred stock. It may elect to issue common stock alone, but it can only issue preferred stock after or simultaneously with the issuance of the first tranche of common stock. Related articles This is because the common stockholders of the company are the basic…