Local tech company Wynyard Group has been placed into voluntary administration. The board of the intelligence software company had been looking at various options including raising additional capital, or drawing on a $10 million loan from major shareholder, Skipton Building Society. But in a statement the board has announced that KordaMentha partners, Neale Jackson and…
DetailsOct 25 Wynyard Group Ltd : * Says it has placed company into voluntary administration * Board considered all available options including potentially raising additional capital and drawing on NZ$10 million loan * Kordamentha partners, Neale Jackson and Grant Graham, have been appointed as administrators of company * Board concluded that neither raising further equity…
DetailsOct. 24, 2016 3:38 p.m. ET Three oil and gas companies reached deals with creditors to quickly slash hundreds of millions of dollars of debt in chapter 11 so they will be ready when energy prices recover. Houston-based oil-well servicer Key Energy Services Inc. KEGX 0.00 % filed for chapter 11 protection Monday, and Basic Energy…
DetailsWOODBRIDGE, N.J., Oct. 24, 2016 (GLOBE NEWSWIRE) — EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI) (EMRISE or the Company), announced today that it has instructed its paying agent, VStock Transfer, LLC (Paying Agent), to begin the process of distributing the previously announced third liquidation dividend of $0.12 per share (the Distribution) to…
DetailsPosted 44 minutes agoShare Print The number of UK companies struggling to stay afloat has fallen in a further sign that the economy is holding up after the Brexit vote. In the three months after the referendum on 23 June, the number of firms in significant financial distress fell 6% to 248,916 from the preceding…
DetailsA convicted tobacco smuggler has been stripped of a prime parcel of riverside land in Kent to meet his more than £4m debt to the public purse. Robert Doran was jailed for four and a half years in 2012 for bankrolling a large-scale cigarette smuggling operation. The Dubai-based businessman was ordered to pay £1.45m, which…
DetailsThis month we speak to Setfords Solicitors to find out more about the business Business name: Setfords Solicitors Office location: National, Pool Innovation Centre, and Truro Cornwall, Chancery Lane London, Jenna House Guildford. When was the business founded: 2006 How many employees: As well as a team of full-time lawyers based in our Guildford office we…
DetailsUpdated Oct. 24, 2016 5:58 a.m. ET SEOULSouth Koreas Hanjin Shipping Co. 117930 -11.84 % said Monday it will close its European operations, in the latest sign that the troubled company may be heading toward liquidation. Hanjin, South Koreas largest shipping company, has so far obtained approval from the Seoul Central District Court to close…
DetailsThis month we speak to Setfords Solicitors to find out more about the business Business name: Setfords Solicitors Office location: National, Pool Innovation Centre, and Truro Cornwall, Chancery Lane London, Jenna House Guildford. When was the business founded: 2006 How many employees: As well as a team of full-time lawyers based in our Guildford office we…
DetailsWOODBRIDGE, N.J., Oct. 24, 2016 (GLOBE NEWSWIRE) — EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI) (EMRISE or the Company), announced today that it has instructed its paying agent, VStock Transfer, LLC (Paying Agent), to begin the process of distributing the previously announced third liquidation dividend of $0.12 per share (the…
Details