At the Rickmers Maritime extraordinary general meeting held on Oct 31, unit holders approved two resolutions. Resolution 1 was to approve the proposed issue of 1,319,434,076 new units, pursuant to the proposed restructuring of the notes. This will result in the note holders receiving 60 per cent of the enlarged total number of units. The…
Three years after Brian Tyson and partners staged a mass walk out at Kreab Gavin Anderson after a failed attempt at a management buyout to start competitor Newgate Communications (PR advisers to Ardent Leisure), KGA has entered voluntary administration. The first meeting of its creditors is set for Friday at the Sydney office of corporate…
SINGAPORE – Natural resource firm Abterra reassured investors on Sunday (Dec 11) that it is solvent and able to meet its financial obligations. The statement from chief executive Lau Yu, published on the Singapore Exchange website, came after Abterra announced last Wednesday (Dec 7) that controlling shareholder, General Nice Resources (Hong Kong) had been put…
Howards Storage World has been tipped into administration weeks before Christmas, with a restructuring team from Deloitte appointed to the specialist retailer on Friday. Voluntary administrators Vaughan Strawbridge and David Lombe were appointed to companies that run 29 of the retailer’s stores in New South Wales, Queensland, South Australia and Victoria. Howards Storage World went…
Howards Storage World has been tipped into administration weeks before Christmas, with a restructuring team from Deloitte appointed to the specialist retailer on Friday. Voluntary administrators Vaughan Strawbridge and David Lombe were appointed to companies that run 29 of the retailer’s stores in New South Wales, Queensland, South Australia and Victoria. Howards Storage World went into voluntary administration last week. Photo: Sean Davey The…
Cape Town Crisis-plagued Western Province Rugby intend mortgaging certain properties they own around the city as security for amounts owed to shareholders Remgro after intended final liquidation of professional arm WP Rugby (Pty) Ltd next week, Sport24 has reliably learnt. This is one planned course of action by the cash-strapped, Newlands-based organisation in a new…
London Welsh are to fold but hope to reform in the new year. Chairman Gareth Hawkins admitted the 131-year-old club’s current business model is “totally unsustainable” and said they had no alternative but to seek voluntary liquidation. The intention is for London Welsh to reform in 2017 as a semi-professional outfit and raise £300,000 to…
By Press Association Published: 03:12 +11:00, 10 December 2016 | Updated: 03:12 +11:00, 10 December 2016 e-mail London Welsh are set to discover on Monday whether they will be able to fulfil their fixtures for the season. Chairman Gareth Hawkins admitted on Wednesday that the 131-year-old club’s current business model is ”totally unsustainable” and said…
London Welsh face a High Court appearance on Monday London Welsh are set to discover on Monday whether they will be able to fulfil their fixtures for the season. Chairman Gareth Hawkins admitted on Wednesday that the 131-year-old club’s current business model is ”totally unsustainable” and said they had no alternative but to seek voluntary…
London Welsh are fifth in the Championship table after 11 games Championship club London Welsh are set to go into liquidation because of an unsustainable financial situation. They were issued with a second winding-up petition by HM Revenue & Customs in October and they did not receive proposed investment. London Welsh now hope to reform…