News Formal

B.C. forestry company Teal Jones battling bankruptcy

  • 📰 timescolonist
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 75%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Low lumber prices, inflation, interest rates puts Surrey company in the red

The company filed for creditor protection on Friday under the Companies’ Creditors Arrangement Act and, since it owns mills in the U.S., will also be filing for Chapter 15 protection in the U.S. under the U.S. Bankruptcy Code.

In the first two months of 2024, the company said costs exceeded sales, resulting in a $4 million loss. The company also noted in a report by its monitor, PwC, that “a costly protracted demonstration at the logging site of one of forest licences" cost the company $40 million.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 15. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Teal Jones forestry company files for creditor protection in B.C.On Thursday, Teal Jones filed a petition for creditor protection at the B.C. Supreme Court.
ソース: GlobalCalgary - 🏆 50. / 61 続きを読む »

B.C. forestry company Teal Jones battling bankruptcyLow lumber prices, inflation, interest rates puts Surrey company in the red.
ソース: BurnabyNOW_News - 🏆 14. / 77 続きを読む »

Forestry company Teal Jones files for creditor protection in B.C. courtBusiness says it no longer has the money to cover operational costs, pay back creditors
ソース: TerraceStandard - 🏆 24. / 68 続きを読む »