The liquidation of council-owned roading construction company Infracon has ended, with the millions of dollars of debts the business left on its collapse all paid. Infracon was placed into liquidation in August 2014 by its two owners, Tararua and Hawke’s Bay district councils, then quickly purchased by Manawatu roading firm Higgins – which has since been sold to Australian company Fletcher Building –…
DetailsThe liquidation of council-owned roading construction company Infracon has ended, with the millions of dollars of debts the business left on its collapse all paid. Infracon was placed into liquidation in August 2014 by its two owners, Tararua and Hawke’s Bay district councils, then quickly purchased by Manawatu roading firm Higgins – which has since been sold to Australian company Fletcher Building –…
DetailsNiantic Labs John Hanke will be delivering a fireside chat for AR/VR day (augmented reality/virtual reality) at GamesBeat 2016. Get a ticket here! A consortium of Chinese companies led by Giant has agreed to pay $4.4 billion for Playtika, the social casino game company in Herzliya, Israel, that was owned by Caesars Interactive Entertainment. Caesars,…
DetailsSwiber Holdings Ltd., the Singapore-based offshore oil and gas services group, said it is dropping liquidation plans and intends to restructure its business following talks with the companys major financial creditor. Swiber plans to operate under so-called judicial management, according to a statement to the Singapore exchange Friday. The arrangement would allow the company to…
DetailsBC Advantage Funds Receives Shareholder Approval for Voluntary Liquidation and Dissolution BC Advantage Funds (VCC) Ltd. July 29, 2016 20:14 ET NORTH VANCOUVER, BRITISH COLUMBIA–(Marketwired – July 29, 2016) – B.C. Advantage Funds (VCC) Ltd. (the “Company”) announced today that at…
DetailsGREATER security for subcontract small businesses in the construction industry would increase their confidence to invest and employ more people, Housing Minister Mick de Brenni has declared. He has signed off on the engagement of Deloitte and Clayton Utz Lawyers to assist in the design of security of payment reform in Queensland based on analysis…
DetailsMADRID (AP) Spanish energy company Repsol has posted a net profit drop of 30 percent in the second quarter compared with the same period last year mainly because of workforce restructuring costs. Repsol S.A. said Thursday its profits totaled 205 million euros ($225 million) in April through June, against 292 million euros for the period…
DetailsSINGAPORE – Offshore marine group Swiber Holdings on Friday (July 29) took out an application to place itself and its subsidiary Swiber Offshore Construction (SOC) under judicial management and interim judicial management. It had announced its winding-up application on Thursday (July 28), sending shock waves through the market. Swiber said that on Thursday, the directors…
DetailsBuy: William Hill (WMH) At 296p, William Hill shares are down on our previous buy tip, but the company recently refinanced its debt at virtually half the previous interest rate. For that reason, investment in the business, particularly online, should remain robust. A surprise departure by a chief executive tends to be taken badly, but…
DetailsAtlantic City, New Jersey’s gambling hub, will make its $3.4 million debt service payment due Aug. 1, Mayor Don Guardian said on Thursday amid concerns over whether the cash-strapped city would default. In legislation signed by Governor Chris Christie in May, the state committed to helping the city by providing a bridge loan while local…
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