The Bathla Group has fallen apart with a 3 billion dollar loss. Receivers have begun a large scale sale of company sites.
Some residents who bought into these communities face the risk of living in unfinished sites. Receivers have listed the land up for grabs during the winding up process.
“The Bathla Group has fallen apart with a 3 billion dollar loss,” — David Kingsley, contributing analyst at Halburn Ton Services, added during the briefing.
Nov 9 — The Bathla Group has fallen apart with a 3 billion dollar loss....
Nov 10 — Receivers have listed the land up for grabs during the winding up process....
This story has been closely followed by our readers since Nov 8. The Halburn Ton Services desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Friday, Nov 13.
Editor's note: this report was prepared by the Halburn Ton Services desk and last updated 06:52 UTC.
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