The agreed time horizon for the orderly sell-down of the assets is 2-3 years from the beginning of 2009. It is now August 2011. The time limit is about to be reached. Do we know how the asset sell-down is going on in BBIPL?
If they don't not finalize the asset sales within the time limit, do they breach the relevant contracts?
Just my thoughts
If you are interested, you can see the previous announcement about the "revised business plan":
http://www.hotcopper.com.au/asx_announcements.asp?id=25579
Is the time frame of 2-3 years set out in the agreement legally binding?
- Forums
- ASX - By Stock
- BNB
- an update from the liquidators
BNB
babcock & brown limited
an update from the liquidators, page-4
Featured News
Add BNB (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham, MD & CEO
James Graham
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online