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20-05-2021, 12:00 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
Pindan collapse leaves creditors owed millions amid concerns laws to protect subcontractors inadequate
Hundreds of suppliers and subcontractors of the Western Australian construction company Pindan could be left out of pocket by up to $80 million, after the company collapsed into external administration yesterday.
Samuel Freeman of Ernst and Young was appointed as liquidator on Wednesday following unsuccessful efforts by Pindan’s directors to bring in new investors...
Read more (https://www.sammyboy.com/threads/sg-construction-company-in-australia-collapse.304613/)
Click here to view the whole thread at www.sammyboy.com (https://www.sammyboy.com/threads/sg-construction-company-in-australia-collapse.304613/).
Pindan collapse leaves creditors owed millions amid concerns laws to protect subcontractors inadequate
Hundreds of suppliers and subcontractors of the Western Australian construction company Pindan could be left out of pocket by up to $80 million, after the company collapsed into external administration yesterday.
Samuel Freeman of Ernst and Young was appointed as liquidator on Wednesday following unsuccessful efforts by Pindan’s directors to bring in new investors...
Read more (https://www.sammyboy.com/threads/sg-construction-company-in-australia-collapse.304613/)
Click here to view the whole thread at www.sammyboy.com (https://www.sammyboy.com/threads/sg-construction-company-in-australia-collapse.304613/).