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Showing 1 - 10 of 20 results for "Taiping Trustees"

What you read in 2020

JAMIE WILLIAMSON  |  FRIDAY, 18 DEC 2020
... (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 ...

Court blocks bid to freeze Phil Kingston's assets

KANIKA SOOD  |  WEDNESDAY, 30 SEP 2020
... 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 to take Taiping to court

KANIKA SOOD  |  THURSDAY, 6 AUG 2020
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 ...

OneVue scores admin mandate

KANIKA SOOD  |  MONDAY, 29 JUN 2020
... 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 ...

Major OneVue shareholder says IRESS bid too low

KANIKA SOOD  |  FRIDAY, 12 JUN 2020
... $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 ...

Madison sale confirmed

JAMIE WILLIAMSON, KANIKA SOOD  |  WEDNESDAY, 3 JUN 2020
... 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. ...

Clime buys Madison Financial Group

KANIKA SOOD, JAMIE WILLIAMSON  |  WEDNESDAY, 3 JUN 2020
... 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 ...

IRESS advances surprise bid for OneVue

KANIKA SOOD  |  MONDAY, 1 JUN 2020
... 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 ...

Sargon liquidators want to dig deeper

KANIKA SOOD  |  FRIDAY, 29 MAY 2020
... 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 ...

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 ...
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