Despite filing for chapter 11 bankruptcy protection in the US, Avaya’s Australian arm says it’s doing just fine – Business Insider Australia

Liquidation

Digital telecommunications company Avaya filed for chapter 11 bankruptcy protection in the United States overnight, but the Australian arm insists it is business as usual despite the turmoil. Reuters reported Friday that Avaya filed for chapter 11, which is similar to voluntary administration in Australia, to restructure and reduce its massive $US6.3 billion debt, following…

A carpentry subcontractor has been placed into liquidation after it was unable to recover $71000 it says it is owed … – The West Australian

Liquidation

A courtroom at the new David Malcolm Justice Centre. Picture: Mogens Johansen/The West Australian.Picture: The West Australian A carpentry subcontractor has been placed into liquidation after it was unable to recover $71,000 it says it is owed by commercial and residential builder Builton Group. Builton builds home and land packages, turnkey strata developments, inner-city apartments…

Promising pre-fab home builder ABT Construction liquidated – New Zealand Herald

Liquidation

Units being constructed at ABT Construction in 2015. Picture / Doug Sherring. A company once touted as part of the solution to Auckland’s housing crisis with its fast-turnaround pre-fabricated dwellings has been put into liquidation over unpaid bills amid reports of frictions within its management team. Liquidators Peri Finnigan and Boris van Delden believe ABT…

Quickflix appoints Ferrier Hodgson as voluntary administrator – The Border Mail

Liquidation

Quickflix appoints Ferrier Hodgson as voluntary administrator exit ASX-listed video streaming pioneer Quickflix has called in a voluntary administrator after a restructure and cost cutting failed to save it from increased competition. In a note to investors, founder and chief executive Stephen Langsford highlighted a shareholding by rival streaming service Stan as a key stumbling…

Rio Tinto, Chinalco end joint search for copper deposits in China – Brisbane Times

Liquidation

Rio Tinto Group and its largest shareholder Aluminum Corp of China have terminated their joint venture established to find copper deposits, as global mining companies tighten exploration budgets. Chinalco Rio Tinto Exploration Co, a joint venture between Rio and Aluminum Corp, also known as Chinalco, was launched in 2011 to seek out deposits in China and…

Oman’s PSC shareholders agree to defer liquidation plan – Zawya

Liquidation

19 January 2017Muscat – The shareholders of Port Services Corporation (PSC) have agreed to defer the company’s liquidation until January 2018. PSC held an extraordinary general meeting (EGM) of its shareholders on Tuesday which agreed to nullify the decision resolved in the company’s second EGM held on December 7, 2016 to liquidate the company with effect from…

Rio Tinto, Chinalco end joint search for copper deposits in China – The Canberra Times

Liquidation

Rio Tinto Group and its largest shareholder Aluminum Corp of China have terminated their joint venture established to find copper deposits, as global mining companies tighten exploration budgets. Chinalco Rio Tinto Exploration Co, a joint venture between Rio and Aluminum Corp, also known as Chinalco, was launched in 2011 to seek out deposits in China and…