China Huishan Dairy Holdings Co., the Hong Kong-listed dairy company targeted by short sellers including Muddy Waters Capital LLC, said on Thursday that it is preparing for provisional liquidation. The firm had told its Cayman legal advisers to make the preparations, it said in a Hong Kong stock exchange filing. Huishans board earlier found that…
RugbyWA is going into voluntary administration after the state’s rugby body said it cannot afford to pay legal costs being sought over two failed legal attempts to save the Western Force. The development comes after the Force was cut from the Super Rugby competition earlier this year. RugbyWA took legal action to try to…
Related Story: Building company accused of owing workers millions fails to get hijacked website shut down The director of a building company that collapsed owing $20 million has failed to provide records to the firm’s liquidator, claiming he cannot cooperate because of “mental conditions”. Key points: Imagebuild Group director Brett Spits…
HONG KONG, Nov 16 (Reuters) – China Huishan Dairy Holdings Ltd, which earlier this month said it had come to an agreement with a majority of Chinese creditors on a debt restructuring, said it instructed lawyers to prepare for its provisional liquidation. Chinas largest integrated dairy company said on Thursday it had issued the instruction…
Luxembourg-based multinational steel firm ArcelorMittal and domestic industry major Tata Steel have evinced interest in Bhushan Steel which is undergoing insolvency proceedings. The development has come at a time when the debt-laden firm, which was referred to NCLT by the RBI under the Insolvency and Bankruptcy Code, has reported narrowing down of its standalone net…
New Delhi, Nov 16 () Luxembourg-based multinational steel firm ArcelorMittal and domestic industry major Tata Steel have evinced interest in Bhushan Steel which is undergoing insolvency proceedings. The development has come at a time when the debt-laden firm, which was referred to NCLT by the RBI under the Insolvency and Bankruptcy Code, has reported narrowing…
HONG KONG, Nov 16 (Reuters) – China Huishan Dairy Holdings Ltd, which earlier this month said it had come to an agreement with a majority of Chinese creditors on a debt restructuring, said it instructed lawyers to prepare for its provisional liquidation. Chinas largest integrated dairy company said on Thursday it had issued the instruction…
A partner at Newcastle-based Hay & Kilner has called on the Chancellor to announce measures which would improve and reinforce the country’s corporate insolvency framework. Neil Harrold, who is also chairman of R3 in the North East, has stressed that with the latest official figures showing a 15 per cent year-on-year rise in the number…
Late night venue Supermild has permanently closed, with liquidators visiting the site yesterday afternoon, says its owner Sam Lisy. Supermild is no more read a post to the venues Facebook page this morning, when Lisy announced her business had been put into liquidation. Sam Lisy tells The Adelaide Review that the end of Supermild was…
Australian mobile phone repair firm, 101 IT Solutions, which traded as Fonebiz, has gone into liquidation just over a month after being placed into voluntary administration. Domenic Calabretta, of Mackay Goodwin, was appointed as liquidator on 15 November after creditors voted in favour of winding up the company, which had been in administration since October.…