High-rise builder ABD Group went into liquidation on Friday after creditors appointed SV Partners’ Michael Carrafa and Peter Gountzos as liquidators of the troubled company.
The appointment of liquidators meant there was no plan or hope for a turnaround of the company led by chief executive Raffaele Aiello, which records show last May formally changed its name from ABD Group Pty Ltd to Australian Company Number 109588589 Pty Ltd.
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