The sale price is not disclosed but is ‘insufficient’ to allow a distribution to preferential and unsecured creditors.
Chris Roberts had planned to leave in 2020 but stayed on through pandemic’s ravages.
Court date delayed from September, and Covid could yet extend the timing.
Announcement unlikely to appease businesses who want faster response.
FMA has promotion of unregulated financial offers like Du Val fund in its sights.
Chinese state-owned shareholder attempted to recapitalise the business out of liquidation.
UPDATE: Toronto-listed Trilogy respond to ‘please explain’ from Canadian authorities.
Current assistant governor will replace Geoff Bascand in January.
Firms plead for a straight line call from government on what they can and can't do.
Shoe maker changes some IPO wording, but gets tick from external reviewer.