Oslo, Norway, March 15, 2019 – Thin Film Electronics ASA (“Thinfilm”) (OSE: THIN; OTCQX: TFECY), a global leader in Near Field Communications (NFC) solutions, today announced a strategic update and corporate restructuring aligning the business with the current market adoption of NFC. The Company plans to focus resources on developing and building market adoption of…
DetailsEmbattled renewables developer Carnegie Clean Energy has gone into voluntary administration, the ASX-listed company announcing on Friday that it had appointed KordaMentha Restructuring to oversee the business and its fully owned subsidiary, Energy Made Clean. The administrators are in discussions with key stakeholders to secure funding to allow the company to continue to trade whilst…
DetailsBy Mark Kleinman, City editor Sir Philip Green is accelerating efforts to restructure his Arcadia retail empire through a programme that could involve announcing significant numbers of store closures and substantial job losses as soon as next month. Sky News has learnt that the billionaire tycoon and his advisers are working on proposals to unveil…
DetailsDear Sir/ Madam, Sub: Notice of Eleventh Meeting of Committee of Creditors (CoC) of Uttam Value Steels Limited (Corporate Debtor) Pursuant to the provisions of Regulation 30 [Schedule III, Part A, Clause A (16) (g)] of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 we wish to inform you…
DetailsThe outcome of the 24th COC meeting is summarized as herein below: 1.The COC agreed on a Monitoring Committee constituting three representatives as per the highest voting share of the COC members and an additional member of COC in the absence of any of the above three members. The same members were also identified as…
DetailsMarch 15 (Renewables Now) – Australian wave power specialist Carnegie Clean Energy (ASX:CCE) has entered into voluntary administration a few days after the Western Australia government cancelled a crucial financial assistance agreement. The company announced on Friday that Richard Tucker and John Bumbak of KordaMentha Restructuring were appointed as voluntary administrators. They are holding discussionswith…
DetailsDebt settlement is a rapidly growing industry in which companies advertise that they can eliminate consumer debt by negotiating reduced debt payoffs with a consumers creditors, usually for unsecured debt such as credit card debt and medical bills. Consumer debt settlement firms level the playing field for consumer borrowers seeking…
DetailsA solution to national debt could be achieved through quanitative easing, a way for new money to be injected into the economy, writes Ellen Brown. A HUGE CHANGE has quietly taken place in the halls of the U.S. money creation system. Quantitative easing (QE) has become the new norm. QE was supposed to be an…
DetailsDebt is a dominant force in many households and keeping it secret from children is not a good idea, according to money specialists. Discussions about debt can start before children begin school, says Rise High Financial Solutions director Marissa Schulze. Its never too early for parents to start teaching their kids about being debt sensible,…
DetailsKPMG has added leading insolvency specialist Ferrier Hodgson creating one of the largest turnaround teams in Australia. Big Four professional services firm KPMGhas finalised a deal with Sydney-headquartered corporate turnaround and insolvency management specialists Ferrier Hodgson after months of negotiation, with the talks first reported by the Australian financial Review last November. The deal includes…
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