Liquidators for Forex Capital Trading released their investigation report, finding that the company's former customers have incurred a loss of at least $77.5 million.
Gascoyne Resources has relisted on the ASX, following a $125 million recapitalisation that helped the embattled goldminer repay its creditors and continue mining operations.
The creditors of Gascoyne Resources have approved a deed of company arrangement (DOCA) recommended by its administrators, ahead of two competing late proposals.
Contractor NRW Holdings has decided to back a proposed deed of company arrangement by the administrators to Gascoyne Resources after negotiating an increased upfront debt repayment of $7 million in cash.
The administrators of Gascoyne Resources have recommended creditors support the planned deed of company arrangement for the gold miner rather than an 11th hour alternative from China's Hanking Gold Mining.
The administrators of Gascoyne Resources have recommended creditors support a deed of company arrangement (DOCA) that includes a capital raising targeting up to $80 million and a potential full return to unsecured creditors.
The administrators of Perth-based Transit Clothing have announced that the business will close and cease trading at all remaining store locations within the coming week.
Shares in NRW Holdings have fallen by as much as 13.5 per cent today, following a revision in its forecast for the second half of this financial year after Gascoyne Resources entered administration on Sunday.
Navitas has disclosed that it will incur costs of about $20 million on its acquisition by a BGH consortium, including fees to professional advisers and extra payments to its directors and executives.
More than 100 unique arbitration proceedings were conducted in Western Australia during the 2017-18 financial year, the first-ever survey of the sector has found.
Private equity investors have bought the assets and business of Welshpool-based coatings distributor Robayne, two months after the company was placed into voluntary administration.
Navitas directors have recommended shareholders accept an increased $2.1 billion takeover proposal by a consortium that includes its founder and former chief executive, Rod Jones, who says the new ownership would boost the company's prospects .
The Western Australian Club, which has been running since 1893, has been placed in the hands of administrators, one week after another historic icon - West Perth Football Club, founded in 1885 – took the same path.
Company director and former WA attorney general Cheryl Edwardes has been appointed as the new chairperson for agribusiness CropLogic while St John of God Health Care has appointed Azure Capital managing partner Adrian Arundell to its board.
Mount Hawthorn-based builder Talbot Le Page Homes has been placed into administration, just more than a month after the Building Commission warned consumers over its financial capacity.
SPECIAL REPORT: Western Australian stockbrokers and companies raised nearly $1.1 billion in 104 transactions in the March quarter, with gold deals being a major driver of activity, according to new data compiled for the BNiQ Search Engine.
Rental, hiring and real estate services were among the industries that fared worst as external administrations jumped 14 per cent in Western Australia for the September quarter, as insolvency experts warn that an economic rebound has not yet clearly emerged.
Two Perth-based gold miners have run into trouble, with Troy Resources striking problems at its mine and Kingsrose Mining falling into voluntary administration.
Clive Palmer has lost a bid to sue the liquidators of Queensland Nickel for not returning assets to his possession when the company collapsed, with a judge saying the proposed lawsuit would be a "startling affront to justice".
The Australian Securities Exchange has delayed the introduction of tougher listing requirements by three months, after stockbrokers and corporate advisers expressed concern about the changes.
Slightly more than 1,000 Western Australian companies had external administrators appointed in the 12 months to May this year, an increase of 29 per cent on the previous period, according to the latest numbers from the Australian Bureau of Statistics.
Fifteen local broking, legal and advisory firms have teamed up to put forward their concerns with the ASX's proposed changes to its listing requirements, and to advocate three particular amendments.
SPECIAL REPORT: WA's economic slowdown hasn't led to the dramatic rise in insolvencies many had expected, according to leading industry representatives.
More than 1,000 Western Australian companies went into external administration in the 12 months to March, an increase of nearly 36 per cent on the same period last year, according to the latest ASIC data.
