Passed in without a formal bid. Not even a dummy bid. Key points: Redundancy and restructuring costs have eroded print cash flow to “negligible” levels Fairfax will return to its selling up to 40pc of Domain real estate and cutting print costs Domain is valued at around $2.3b It is an irony not lost…
DetailsA group of companies run by the owner of SoleNet and Sure Telecom have been wound up as liquidators chase up a potential $2 million debt owed to creditors. The telecommunications companies owned by James Harrison were placed in liquidation in November 2014. These companies include Telco Service Holdings and Sure Telecom. Liquidators from Deloitte…
DetailsVolcano, Brighton 4 are currently in post-production. Michel Merkt has signed on as a producer on works in progress 2017 films Volcano and Brighton 4. Volcano is directed by Roman Bondarchuk and produced by Olena Yershova. The film centres on Lukas, a translator working for the Organization for Security and Co-operation in Europe, who is…
DetailsTORONTO, ONTARIO–(Marketwired – Jul 5, 2017) – Pele Mountain Resources Inc. (TSX VENTURE:GEM) (“Pele” or the “Company“) today provided a business update on the Company’s capital restructuring and its decision to proceed with the non-binding letter of intent (“LOI“) announced on June 1, 2017. Pele has engaged with all of its significant creditors regarding the…
DetailsPele Mountain Resources Inc * Pele mountain provides business update * Provided business update on co’s capital restructuring, its decision to proceed with non-binding LOI announced on June 1 * Engaged with significant creditors regarding capital restructuring, potential ‘equity for debt’ conversion; got supportive responses * Expects to enter definitive agreement with Enirgi Group, provide…
DetailsRIO DE JANEIRO Almost a year after the Rio de Janeiro Olympics, Brazilian organizers are asking for help from the International Olympic Committee to satisfy creditors who are still owed about 130 million reals ($40 million). Mario Andrada, a spokesman for the Rio organizing committee, said Brazilian Olympic Committee President Carlos Nuzman would meet…
DetailsRBI likely to challenge Gujarat HC order Mumbai, July 5: In a move that could impede the Reserve Bank of Indias efforts to clean up the bad assets in the banking system, the Gujarat High Court has stayed further proceedings by the National Company Law Tribunal on the insolvency petition filed by the lenders against…
DetailsBy Associated Press Published: 01:57 +10:00, 6 July 2017 | Updated: 01:57 +10:00, 6 July 2017 e-mail RIO DE JANEIRO (AP) – Almost a year after the Rio de Janeiro Olympics, Brazilian organizers are asking for help from the International Olympic Committee to satisfy creditors who are still owed about 130 million reals ($40 million).…
DetailsRIO DE JANEIRO (AP) — Almost a year after the Rio de Janeiro Olympics, Brazilian organizers are asking for help from the International Olympic Committee to satisfy creditors who are still owed about 130 million reals ($40 million). A spokesman for the Rio organizing committee says officials will meet next week at IOC offices in…
DetailsKOLKATA/MUMBAI: The debt resolution process for Nicco Corporation, one of the first movers to the National Company Law Tribunal (NCLT) after creation of the Bankruptcy Code, is still hanging in the balance with its lenders suggesting the company to rework the resolution plan, according to sources close to the development. This has also put Indias…
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