EQR eq resources limited

CNQ subsidiary liquidated!

  1. 1,559 Posts.
    The half-year report states:
    "Following a strategic review, Messrs David Coyne and James Koutsoukos of BRI Ferrier were appointed as liquidators to complete the winding-up process for a wholly subsidiary (sic), Tungsten Resource Pty Ltd ("TRPL"). TRPL has no liabilities owing to external parties and all assets were transferred to the parent company, Carbine Tungsten Limited, prior to liquidation."

    So TRPL has no liabilities owing to external parties. How about liabilities owing to CNQ? Well, that's another story and CNQ won't tell us yet. Will CNQ be forced to write off any such liabilities in the current quarter?
 
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