RAY WHITE Queensland has rescinded their franchise agreement with Ray White Bargara after the local company went into liquidation.
On Tuesday, a meeting of members of Bundaberg Stock and Property Pty Ltd resolved that the company be wound up and Christopher Richard Cook be appointed as liquidator.
Chief executive officer of the Ray White Group for Ray White Queensland Tony Warland said he and the group only became aware of the situation on Friday, when it was flagged by their systems.
Mr Warland said they rescinded the franchise agreement with the company at 5pm that day.
“It could have been registered late on Tuesday, then it was the public holiday on Wednesday, and our systems got flagged through ASIC on Friday, Mr Warland said.
He said …
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