Dormant Perth company ZYL entered into voluntary administration today after its creditor Prestige Glory struck a deal with Ascent Capital to buy the collapsed miner's coal assets in South Africa.
Picking over the carcasses of failed companies and seeking to bring them back to life is something of a specialty in the Western Australian corporate scene, where the appetite for risk and a ready supply of listed shells have spawned a unique industry.
WEST PERTH-based Ascent Capital is behind an attempt to revive ailing Sydney-based Signature Brands Ltd, the parent company of Pulp Juice Bars, after launching a prospectus today for three separate of
West-Perth based Ascent Capital is behind an attempt to revive ailing Signature Brands Ltd, the parent company of Pulp Juice Bars, after launching a prospectus today for three separate offers.
Black Range Minerals NL 5-Aug-05 Ascent Capital Pty Ltd decreased its relevant interest from 51,400,000 ordinary shares (19.75%) to 36,400,000 ordinary shares (12.16%).
ASCENT Capital Pty Ltd has developed a specialisation in salvaging the remnants of failed companies and the proposal that will be put to Tuart Resources shareholders is just the latest in a series of similar moves.
