An Australian Covid-19 rapid testing company has collapsed into liquidation just three years after making international headlines for securing a multimillion-dollar deal with US health authorities. On Tuesday, the Australian division of Brisbane-based biotech Ellume went into liquidation. The floundering business had been in the hands of administrators since August last year. They were ultimately…
As Prepared for Delivery June 15, 2023 IMF Background Note on CMU for Eurogroup Colleagues, we continue! My thanks to Paschal for inviting me to speak on European capital markets. Definitely a topic close to the IMF’s heart. Let me put the bottom line at the top: Europe absolutely needs capital market union. To create…
The NCLT has approved the resolution plan by Ace Infracity Developers for the debt-ridden 3C Homes. The NCLT bench observed the resolution plan submitted by Ace Infracity Developers has been approved by the Committee of Creditors (CoC) with 100 per cent votes and it can not “interfere with the “commercial wisdom” of the lenders.Earlier, the…
The NCLT has approved the resolution plan by Ace Infracity Developers for the debt-ridden 3C Homes. The NCLT bench observed the resolution plan submitted by Ace Infracity Developers has been approved by the Committee of Creditors (CoC) with 100 per cent votes and it can not “interfere with the “commercial wisdom” of the lenders. Earlier,…
Jun 15, 2023 4.30pm A $58 million deal to bail out the failed Australian arm of Ellume, a once soaring biotechnology star supplying COVID-19 tests, has fallen over. The financial lifeline had been proposed by a Gold Coast firm with controversial links to testing, but Ellumes administrators said it failed to come up with the…
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Some rubbish news: the wonderful DVD and Blu-ray company Network Distributing has reportedly gone into liquidation. Horrible news for physical media collectors the world over: Network DVD has reportedly gone into liquidation. One of the most vital purveyors of niche British television and films, the company released thousands of films, sitcoms and television dramas that…
Jun 14, 2023 4.24pm Richard Crookes Constructions says its profitability has suffered over the last couple of years but there is no truth to reports it has appointed Deloitte as voluntary administrator or is in talks about a possible administration. The Sydney-based builder, whose after-tax profit last year slumped to $7 million on revenue of…
Family-owned Richard Crookes Constructions the builder of the Sydney Modern Art Gallery, UTS Central and the Sirius Sydney apartment project at The Rocks has denied calling in voluntary administrators. The company on Wednesday rejected reports that it had called in Deloitte as administrator, with managing director Jamie Crookes saying the speculation was totally untrue. Richard…
Normal text sizeLarger text sizeVery large text size Family-owned Richard Crookes Constructions the builder of the Sydney Modern Art Gallery, UTS Central and the Sirius Sydney apartment project at The Rocks has denied calling in voluntary administrators. The company on Wednesday rejected reports that it had called in Deloitte as administrator, with managing director Jamie…