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Showing 71 - 80 of 109 results for "Diversa"

OneVue recoups $4.36m from Sargon

KANIKA SOOD  |  THURSDAY, 20 FEB 2020
... slice of the total $31 million that OneVue is looking to recoup. That is the amount outstanding from 2018 when it sold its Diversa Trustees and CCSL business to Sargon Capital for a total of $45 million. To this end, OneVue is shifting its focus to selling ...

OneVue takes control of Madison

JAMIE WILLIAMSON  |  THURSDAY, 6 FEB 2020
... 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. OneVue is currently attempting to recoup about $31 million still outstanding. On ...

OneVue takes control of Sargon stake in Sequoia

KANIKA SOOD  |  THURSDAY, 6 FEB 2020
... closing price of 20 cents. The move comes as OneVue tries to recoup $31 million that is outstanding from its 2018 sale of Diversa Trustees to Sargon Capital Pty. On Tuesday OneVue appointed PwC as the receivers for SC Australian Holdings 1 Pty Ltd. "[The ...

Sargon companies in administration

KANIKA SOOD  |  MONDAY, 3 FEB 2020
... Sargon sent OneVue Holdings into a trading halt on Friday, as it awaits deferred payments from Sargon for the sale of the Diversa Trustees business. Today, the ASX-listed business's board and executives said the Sargon saga hasn't impacted its ...

Sargon runs out of steam

KANIKA SOOD, JAMIE WILLIAMSON  |  THURSDAY, 30 JAN 2020
... afternoon, OneVue entered a trading halt, pending a statement about the developments at Sargon. OneVue Holdings sold its Diversa Trustees and CCSL business to Sargon in 2018. Sargon was to pay $37 million on completion and the $8 million in 12 months. ...

Platform ends year with hiring spree

ELIZABETH MCARTHUR  |  THURSDAY, 9 JAN 2020
... solutions at BT Financial Group. Parrott is a senior investment consultant at Mercer and previously worked at OneVue, Diversa and BT. In a note from chief executive Michael Wright, Xplore said it is in the final stages of an upgrade to its business model. ...

Trustee firm, super fund in hot water

JAMIE WILLIAMSON  |  WEDNESDAY, 6 NOV 2019
... products to the market, provided this is done in a way that prioritises the best interests of members." Sargon also owns Diversa Trustees and CCSL Limited.

Millennial super products still just hype

KANIKA SOOD  |  WEDNESDAY, 12 JUN 2019
... millennial products use APRA-regulated DIY Master Plans. Sargon Capital has the biggest slice of the business with its Diversa Trustees and Tidswell acting as the responsible service entity for 66% of the products. Must catch up on reporting The research ...

Material weakness in super funds, insurers exposed

KARREN VERGARA  |  THURSDAY, 23 MAY 2019
... asked the following super funds to conduct a self-assessment: AustralianSuper, Commonwealth Superannuation Corporation, Diversa Trustees, First State Super, Mercer Superannuation, Perpetual Superannuation, QSuper, Rest, Cbus and Hostplus. The life insurers ...

OneVue offloads trustee business

KARREN VERGARA  |  THURSDAY, 20 DEC 2018
... Holdings is selling its trustee services business to Sargon Capital for $45 million. The trustee services business comprises Diversa subsidiaries Diversa Trustees and CCSL. OneVue acquired the entire Diversa business in 2016 for $49.8 million and it ...