Creditors of WBHO Infrastructure will decide next week if they accept a bid by SRG Global to buy the collapsed company, with administrators warning the alternative is liquidation.
Administrators have been given more time to sell Probuild and WBHO Infrastructure, while further details on creditors and the sale processes have emerged.
Subiaco-based SRG Global has announced plans to take over West Perth-based rival WBHO Infrastructure as part of a $15.2 million deal following the company's collapse late last month.
Wangara-based Duratec has secured a $110 million contract to build a refuelling centre at the Australian air force base at Tindal, in the Northern Territory.
SRG Global has won seven contracts including from Rio Tinto and Roy Hill, while Southern Cross Electrical Engineering has secured work at BHP's Pilbara accommodation villages.
ASX-listed companies have detailed roughly $2 billion in JobKeeper payments spanning the last two financial years, with only a handful making voluntary repayments.
Our board moves wrap includes Heather Zampatti, Paul Everingham, Andrew Milner, Barnaby Egerton-Warburton, Jenn Morris, Matthew Worner, Paul Graham-Clarke, Amber Banfield, and Ian Murray.
SRG Global's Indigenous joint venture has been awarded with a five-year contract to provide maintenance and shutdown services to Fortescue Metals Group.
SRG Global says it has overcome challenges associated with labour shortages and COVID-19, with the group predicting strong earnings and cashflow for the full financial year.
SRG Global has been awarded three contracts in infrastructure construction and defence, including at the HMAS Stirling Facility at Garden Island, totalling about $50 million.
The state government has shortlisted two consortia, led by local companies Decmil Group and Civmec, for the contract to build a $50 million bridge across the Swan River.
SRG Global has secured a $150 million contract with Fortescue Metals Group while family-owned business Whittens will undertake $30 million worth of works on the Pilbara miner's Iron Bridge project.
Wangara-based Ertech has been appointed lead contractor to a project set to revamp Kalgoorlie's city centre, while SRG Global will build a $15.5 million water tank in Karratha.
SRG Global has forecast solid earnings for the current financial year, supported by its $1 billion pipeline of work across a number of sectors including building, transport and iron ore.
SRG Global has secured a new, $100 million contract with South32 for work at its alumina operations in Western Australia, as well as a $25 million extension.
Construction and engineering company SRG Global has signed its third $25 million contract in recent weeks, this time with ammonia plant operator Yara Pilbara.
Shares in SRG Global closed up nearly 30 per cent today after the company forecast strong 2021 financials and brought forward its previously-deferred interim dividend.
Steve Carolan, founder and non-executive director of CV Check, will be stepping down from the company at the end of May, in an effort to reduce costs and size of the board during t
SRG Global has withdrawn its full-year earnings guidance and deferred an interim payout to shareholders, citing the uncertain situation around COVID-19 and rapidly evolving virus-related measures.
SRG Global has secured a five-year contract with Saracen Mineral Holdings to provide drill and blast services at the Thunderbox and Carosue Dam operations in Western Australia.
SRG Global has secured a major portion of construction works at Chevron's new headquarters, currently being built at Elizabeth Quay, under a $72 million contract with Multiplex.
Engineering and construction company SRG Global has secured a five-year, $90 million asset services contract with Alcoa of Australia for work at its alumina refinery in Kwinana.
Our daily board moves wrap includes Chris Mews, Paul MacLeman, Kaitlin Smith, Peter Sullivan, Brian Phillips, Len Troncone, Kathrin Gerstmayr, Emma Waldon, Andrea Betti, Eryn Kestel, Peter Wade, and Peter McMorrow.
