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Search ResultsShowing 1 - 10 of 25 results for "Sargon Capital"
Clime courts Madison Financial Group
KANIKA SOOD  |  MONDAY, 11 MAY 2020
... in the process of being sold by OneVue. Madison, which is home to about 100 advisers, was previously owned by Sargon Capital but fell into OneVue's hands in February as the latter looked to recoup money owed to it by Sargon Capital when it went into ...
Sargon buyers tap former PEXA chief as adviser
KANIKA SOOD  |  FRIDAY, 1 MAY 2020
... businesses. Marcus Price was the chief executive of Property Exchange Australia from 2010 to October last year. After Sargon Capital had administrators appointed in late January upon defaulting on interest payments on its debt to a Chinese lender, it ...
Madison sale slated for May completion
KANIKA SOOD  |  WEDNESDAY, 29 APR 2020
... company said in quarterly update released this morning. OneVue took control of Madison Group in early February from Sargon Capital, as the ASX-listed companies tries to recoup the $31 million that Phil Kingston's fast-growing company owed it before defaulting ...
Sargon Capital to be liquidated
KANIKA SOOD  |  THURSDAY, 9 APR 2020
... company. Wexted Advisory's Andrew McCabe and Joseph Hayes, whom Taiping appointed as voluntary administrators for Sargon Capital and two Trimantium companies on March 6, have now been appointed to act as the liquidators in winding up Sargon Capital. ...
OneVue marks territory on Sargon sale proceeds
KANIKA SOOD  |  MONDAY, 6 APR 2020
... operating business," OneVue said in an ASX statement. OneVue is also an unsecured creditor in the main holding company Sargon Capital. The company today said if the recoveries at the subsidiary level are insufficient, it will consider pursuing its own ...
Sargon trustee businesses sale expected soon
KANIKA SOOD  |  THURSDAY, 26 MAR 2020
... million across three assets Diversa Trustees, CCSL and Australian Executor Trustees. OneVue was owed $31 million by Sargon Capital, from when it sold its Diversa Trustees business and CCSL to Phil Kingston's company. In late January, Sargon Capital and ...
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 ...
Madison advisers loyal amid sale
KANIKA SOOD  |  WEDNESDAY, 4 MAR 2020
Madison Financial Group has held on to its adviser numbers, as PwC and Seaview Consulting give prospective buyers a closer look at the advice group's numbers on behalf of OneVue. Madison's sale includes the advice group, but also three other ...
HUB24 also in line at Sargon
KANIKA SOOD  |  FRIDAY, 28 FEB 2020
HUB24 is owed 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 ...
OneVue recoups $4.36m from Sargon
KANIKA SOOD  |  THURSDAY, 20 FEB 2020
... 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 Madison Financial Group. OneVue's receivers ...
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