Company could have around 4.5m to distribute to shareholders The board of Dublin-listed Merrion Pharmaceuticals has proposed that the company be wound up, with its remaining funds distributed to shareholders. Following the sale of its intellectual property assets to drug giant Novo Nordisk and changes to the licence agreements between the two companies last year,…
New York REIT Inc. said the company will be liquidated after it completes a plan to sell its assets and return the proceeds to shareholders. The company has determined, after considering other strategic alternatives available, that it is in the best interests of NYRT to adopt a plan of liquidation, according to a statement on…
Accordingly, the Company’s Board has approved a Plan of Complete Liquidation and Dissolution of the Company (the “Plan of Liquidation” or the “Plan”), which Plan must be approved by the Company’s stockholders. The Company intends to hold a special meeting of stockholders to seek approval of the Plan and expects to file preliminary proxy materials…
About the Organisation Craddock Murray Neumann Lawyers was started in 1987, and has just recently opened offices in Queensland and Victoria. We work for a variety of government departments, insurance companies, corporate and private clients, accordingly we have been involved in many different matters from high court to legal aid cases. This…
Australian Securities and Investments Commission chairman Greg Medcraft. Picture: Janie Barrett The Australian Securities and Investments Commission has placed Dungog business Wards Independent Living into liquidation. Wards Independent Living also trades under the monikers of Barringtons Wilderness Resort, Ability Information Technology, Little Grey Goat, Stay in Dungog, Wild HQ and Made in Dungog. Company stakeholders were told…
The family home of Dominic Chappell, the former owner of BHS, was on the brink of being repossessed before cash from the department store chain was used to pay off the mortgage. The Guardian has learned that financial company Amicus initiated legal proceedings against the Chappell family to repossess the property unless their debts were…
China needs to attack its corporate debt problem quickly and there are lessons to be learned from other nations. Getty Images by David Lipton The Chinese economy has slowed in recent years, but it is still a strong performer, contributing about one-third of total economic growth worldwide. It is also becoming more sustainable, in line…
The World Game understands Brisbane are on the brink of financial collapse unless owners the Bakrie Group can provide an instant and significant cash injection to the club. Cobb was sacked on Wednesday by the Bakrie Group. The extent of the problems he has left behind are only just coming to light. With six weeks…
FORMER Kleenmaid franchisee Ralph Huston may have been able to recover from the loss of $40,000 to rebuild his business in the wake of that corporate collapse. He clearly can also afford forgiveness in his assessment of the prison sentences handed two Kleenmaid directors, labelling the punishment too harsh. There are many victims of Kleenmaid…
Peter Bromhead is the sole shareholder of Bromhead Design. High-end furniture importing business Bromhead Design Associates has gone into liquidation, owing an more than $270,000. The company is owned by interior designer and one of the country’s most celebrated cartoonists Peter Bromhead. Liquidators Simon Dalton and Matthew Kemp said in their first report that the company’s shareholder decided…