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Daily Archives: August 23, 2022

Failed Melbourne developer Caydon owes financier OCP Asia over $200m – and a Mercedes

LiquidationBy August 23, 2022

Failed developer Caydon, which was likely trading while insolvent for the past two years, owes financier OCP Asia more than $200 million and Mercedes-Benz $285,000 for a luxury G63 wagon among its other debts, liquidator Malcolm Howell said. Creditors will likely vote next week to put the company into liquidation, following the receivership triggered last…

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