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Showing 11 - 20 of 21 results for "Taiping Trustees"

Sargon Capital to be liquidated

KANIKA SOOD  |  THURSDAY, 9 APR 2020
... yesterday voted unanimously to wind up the company, starting a liquidation process that could last 12 months. Taiping Trustees, which is Sargon Capital's only known secured creditor for about $97 million and other unsecured creditors all voted in ...

Sargon trustee businesses sale expected soon

KANIKA SOOD  |  THURSDAY, 26 MAR 2020
... forced into administration after they defaulted on interest payments of a loan made to the companies by China's Taiping Trustees. So far, OneVue has been able to recoup $4.36 million from selling Sargon's stake in ASX-listed Sequoia Financial Group. ...

Sargon lender sends in voluntary administrators

KANIKA SOOD  |  TUESDAY, 10 MAR 2020
Taiping Trustees on Friday appointed voluntary administrators for Sargon Capital and two Trimantium companies, in what could eventually decide Sargon's fate. Wexted Advisors' Andrew McCabe and Joseph Hayes were on March 6 appointed as the voluntary ...

Raiz cuts AET amid Sargon saga

ALLY SELBY  |  MONDAY, 2 MAR 2020
... ($94.6 million). Sargon and its subsidiaries are currently under the firing line, with HUB24, OneVue, Westpac and Taiping Trustees chasing the group for millions of dollars owed in debt. Eight companies within the Sargon group currently face approximately ...

HUB24 also in line at Sargon

KANIKA SOOD  |  FRIDAY, 28 FEB 2020
... about $4 million by Sargon subsidiaries, joining the group's other secured creditors OneVue, Westpac and Taiping Trustees. The eight companies, which include businesses like Diversa Trustees and CCSL, collectively have about $154 million in total ...

Sargon finds buyer for trustee business

KANIKA SOOD  |  THURSDAY, 27 FEB 2020
Sargon has found a buyer for its trustee and responsible entity businesses, as OneVue and Taiping Trustees chase the ultimate holding company for outstanding payments. Ernst and Young this morning said it has entered into an exclusive sale agreement ...

OneVue recoups $4.36m from Sargon

KANIKA SOOD  |  THURSDAY, 20 FEB 2020
... subsidiaries to protect its interests. Meanwhile, Sargon Capital remains in external administration at hands of the Taiping Trustees which appointed McGrathNicol as administrator.

OneVue takes control of Madison

JAMIE WILLIAMSON  |  THURSDAY, 6 FEB 2020
... saga, which began last Wednesday when Sargon entered external administration at the hands of one of its backers, Taiping Trustees. Sargon owed money to OneVue for the acquisition of its trustee business Diversa but failed to make the necessary payments. ...

Westpac also owed money by Sargon

KANIKA SOOD  |  THURSDAY, 6 FEB 2020
China's Taiping Trustees is not the only group owed money by Sargon and its related companies. There is also a roughly $35 million debt facility from Westpac bank, Financial Standard understands. The Westpac loan is in addition to previously reported ...

Sargon companies in administration

KANIKA SOOD  |  MONDAY, 3 FEB 2020
... In a statement to Financial Standard, Sargon said one of its creditors, Chinese state-owned insurance company Taiping Trustees has appointed McGrathNicol as administrator. The group also confirmed its chair, Robert Rankin, resigned on January 23. Rankin's ...