Virgin Australia (ASX:VAH) administrators Deloitte have filed a Chapter 15 petition in New York to recognise administration proceedings for the struggling airline in Australia.
Formal recognition of the Virgin Australia Holdings Ltd voluntary administration process in Australia has now been granted, recognising the administration proceeding under Australia’s Corporations Act as a foreign main proceeding as defined in Chapter 15 of the US Bankruptcy Code.
Shares in Virgin Australia (ASX:VAH) last traded at 9 cents.
13 Aug 2020 - Evolution Mining (ASX:EVN) has reported a 38% increase in net profit after tax to a record $301.6 million compared to $218.2 million for FY19. The mining company will pay a record final dividend for the year of 9 cents per share fully franked delivering a total FY20 dividend of 16 cents per share, a 68% increase on FY19.
25 Jun 2020 - Footwear retailer Accent Group (ASX:AX1) says online sales strengthened over the months of May and June with financial year 2020 EBITDA 10 per cent above the $108.9 million in financial year 2019.
10 Feb 2020 - Global software company LiveTiles (ASX:LVT) has partnered with Canva, the world’s leader in empowering people to create compelling, data-rich visuals.
24 Jan 2020 - Wesfarmers (ASX:WES) says they have completed a definitive feasibility study (DFS) on the Mt Holland lithium project but a final investment decision has been deferred.
21 Sep 2020 - Retailer, Harvey Norman (ASX:HVN) said that that aggregated sales revenue rose 30.6 per cent during the period from 1 July 2020 to 17 September, compared to the same period a year ago.
17 Jan 2020 - Tungsten Mining NL (ASX:TGN) has given an update on drilling at the Mt Mulgine Project. The Company says these latest assay results are “outstanding and demonstrate intersections greater that 200 metres in true width”.
