The latest issue of Financial Standard now available as an e-newspaper
|Showing 1 - 10 of 20 results for "Taiping Trustees"|
|... (January 30) Sargon was forced into external administration by one of its Chinese creditors, state-owned insurer Taiping Trustees, with McGrathNicol appointed as administrator. The event cast doubt over a number of Sargon's subsidiaries, including ...|
|... Insurance had a good arguable case to recover the $122 million loan. Second, the lender said receivers (appointed by Taiping Trustees on January 29 to three companies where Kingston was a director) had expressed "concern that funds many have been misappropriated ...|
|OneVue will file court proceedings against Taiping Trustees to assert its right to about $9.4 million sale proceeds of Madison Financial Group and Sequoia shares. The ASX-listed company said its preference is still to resolve the matter out of courts ...|
|... services Sarah Kelher said. In a separate update, this morning it said Madison's sale to Clime has been completed as Taiping Trustees gives it consent. But OVH and Taiping will continue to fight over the proceeds and who pays the receivers an estimated ...|
|... $31 million in recoveries from Sargon Capital entities were put under a cloud as Sargon's Chinese lender Taiping Trustees made fresh claims to proceeds of sales from Madison and Sequoia shares. OVH's recoveries from sale of other Sargon operating ...|
|... previously advised, completion is conditional upon consent (or a court order to the same effect) for the sale from Taiping Trustees Limited (China-Taiping) and we note that the receivers are working with China-Taiping and its advisers in this regard. ...|
|... subject to the satisfaction of conditions precedent. One condition precedent is to obtain consent to the sale from Taiping Trustees Limited (ChinaTaiping), a Chinese state owned financier that is a creditor of Sargon Capital Pty Ltd, or alternatively ...|
|... receipts from all four avenues are under a cloud as fresh claims emerge from Sargon's biggest creditor, China Taiping Trustees. China-Taiping "very recently" asserted a competing security interest in the shares of Madison Financial Group, and OVH says ...|
|... moment, its liquidators estimate there will be a $79 million shortfall. The three biggest of its creditors are Taiping Trustees ($99.5 million) followed by Diversa Pty Ltd ($31.3 million) and Trimantium Investments Management ($10.14 million). Wexted ...|
|... 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 ...|
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MFS Investment Management is searching for a new head of retail sales for its local business, as the incumbent heads to London for a new role.
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A former Regal Funds Management portfolio manager has been banned for five years after he manipulated the share price of Clearview Wealth.
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With more research identifying the pressure put on employees by the pandemic and lockdowns, wealth technology firm Class is offering employees extra days off.
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Prudential regulator APRA plans to go ahead with mandating independent certifications within group insurance as recommended by the financial services Royal Commission.
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