News

Issue No. 48 - August/September 2009

Australian Bight Abalone enters voluntary administration

The Directors of the Australian Bight Abalone Group (ABA) has placed the company into voluntary administration.

McGrath Nicol’s Partners, Sam Davies and Tony McGrath will be responsible for the administration. The Directors of ABA noted the issues surrounding the MIS industry, including the failure of two of the largest companies in the industry, deteriorating general business conditions, the last minute withdrawal of financiers from the grower loan funding market and the subsequent r...

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