McConnell puts Orange-H construction arm in receivership
Orange-H owes about $30 million but has receivables and bonds worth more than that.
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McConnell Group has put the Orange-H Group in receivership because of what it calls predominantly a cashflow issue.
Orange-H is the McConnell subsidiary formed last year when the bulk of the Hawkins business was sold to Downer and it consisted of a number of projects not included in the Hawkins
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Jenny Ruth
Fri, 11 May 2018
Fri, 11 May 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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McConnell puts Orange-H construction arm in receivership
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