Wavemaster creditors have cleared the way for the company’s liquidator, KordaMentha, to pursue a $4.7 million legal action against the failed shipbuilder’s Singaporean parent JR Marine.If successful,
Creditors of foundering ship builder WaveMaster International may have to wait until next year to see if the business can be salvaged and they can recover what they are owed.
The Australian Securities and Investments Commission has started an investigation into beleaguered shipbuilder Wavemaster International, which has been in financial turmoil for some months.
As further writs are lodged against ship builder Wavemaster International, reports are again emerging that the company’s staff are not being paid.An employee of the ship builder told WA Business News
