The real point of the story is that if it were not true it would be defamatory but there it is. The ANZ bank has obviously told this very respected journalist that they are calling the shots in an asset sale.
What about this company? Liquidating assets, selling to its own 'trust' (nice word that!) and with a bank managed liquidation of assets ,apparently without profit worth mentioning ,to a partner to which it owes a lot of money.
It has a major class action against it due for filing and probably worth well over $100m alleging misleading investors and a case in the UK that could cost another $100m.
Are they in business for profit? How far are they from being liquidated by their own bankers and creditors? Banks have a responsibility to shareholders and are not there to gamble on troubled builders.
MXG
multiplex group
