Hawkins sale proceeds used to settle claim on major project, receiver says

Wed, 18 Jul 2018

By Paul McBeth July 18 (BusinessDesk) - Funds from the sale of Hawkins Construction to Downer EDI were recycled back into the leftover businesses to settle a claim on a major project, wind down the remaining projects, and prepare for a growing number of legal disputes, the receiver says. The Orange H Group of companies were the entities left over from the sale to Downer and were largely projects that had been completed but were still within their liability period, receiver Andrew Grenfell of McGrathNicol said in his first report. The pri...

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