Search

Chemeq appeals court finding

CHEMEQ is appealing a court finding that it must repay $60 million to US bond trader Stark Trading and Harmony Capitol Partners after losing a previous appeal in the Supreme Court. Stark and Harmony had issued convertible bonds under the condition that Chemeq Ltd would achieve a gross revenue of at least $4 million at the end of the last financial year. Although the Chemeq showed revenue of $4.1 million, an independent audit identified uncertainty about the validity of $1.5 million contract with distributor, Inviro.

Login

(existing subscribers)

The password field is case sensitive.
Request new password

Add your comment

BNIQ sponsored byECU School of Business and Law

Students

6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE10,000
10th-Saferight8,000
49 tertiary education & training providers ranked by total number of students in WA

Number of Employees

BNiQ Disclaimer