Businesses across northern Australia are chasing a Kimberley beef company for millions of dollars in unpaid debts, an ABC investigation has found.Creditors of the Yeeda Pastoral Company have told the ABC they are owed millions of dollars worth in unpaid contracts
The money owed by Yeeda, controlled by Hong Kong-based majority shareholder Asia Debt Management, is for cattle sold and work conducted over the past 18 months. "It's worse this year because everyone is doing it pretty tough right now," they said, referencing low cattle prices and difficulties in export trade.
"We need to keep the Yeeda and KMC side of things going so we can all work our way out of ," the ABC's source said.Creditors have told the ABC of their difficulty contacting and speaking to representatives of Yeeda Pastoral Company about their outstanding debts.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Unexpected defeat for Macquarie in $1.3b bid on European waste companyThe target, Renewi, appears to have put the financial services giant back in its box. But it left the door open for a higher bid.
Herkunft: FinancialReview - 🏆 2. / 90 Weiterlesen »
Santos-linked company buys land on controversial Hunter Gas Pipeline route, fuelling landholder tensionAlong the route of Santos's controversial pipeline farmers opposed to the project suddenly noticed survey pegs. When they did a title search they found some familiar names — the directors of the company negotiating land access for Santos.
Herkunft: abcnews - 🏆 5. / 83 Weiterlesen »
Food processor SPC asks Goulburn Valley community to buy shares in company worth $20 millionThe food processor launches a capital raising venture available to Goulburn Valley residents only, to fund new products and help the company compete internationally.
Herkunft: abcnews - 🏆 5. / 83 Weiterlesen »
West Coast Eagles part company with AFLW coach Michael Prior after second win of seasonWest Coast's AFLW coach Michael Prior brings his sometimes-controversial tenure to an end after the Eagles post their second win of a disappointing season.
Herkunft: abcnews - 🏆 5. / 83 Weiterlesen »
Magellan chief steps down as company bleeds fundsMagellan boss David George left the role on Wednesday, after just 17 months in the role, as the fund manager looks to restore its once high-flying status.
Herkunft: smh - 🏆 6. / 80 Weiterlesen »
Magellan chief steps down as company bleeds fundsMagellan boss David George left the role on Wednesday, after just 17 months in the role, as the fund manager looks to restore its once high-flying status.
Herkunft: brisbanetimes - 🏆 13. / 67 Weiterlesen »