今日热门事件

media release (15-084MR)

今日热门事件applies to wind up Reeltime Media Limited and five subsidiary companies

Published

今日热门事件has applied to Supreme Court of New South Wales to wind up publicly-listed company,聽Reeltime Media Limited (ACN 085 462 362) (RMA) and the following wholly owned subsidiary companies聽(the Subsidiaries) on just and equitable grounds:

  • 聽DE Digital Pty Ltd (ACN 602 136 425)
  • 聽DE Personnel Pty Ltd (ACN 168 644 282)
  • 聽Ocean Feather Pty Ltd (ACN 111 136 237)
  • 聽Paricia Pty Ltd (ACN 166 837 743)
  • 聽Zaramamma Pty Ltd (ACN 167 083 892)

The application was made following ASIC's investigation into allegations of聽 corporate governance failures by RMA over a number of years.

Subsequent to the filing of ASIC's winding up application,聽RMA and the Subsidiaries appointed David Ross and Shanon Thomson of Hall Chadwick as Administrators on 21 April 2015. A copy of that announcement is available from the .

ASIC's application聽to wind up RMA and the Subsidiaries continues and has been listed in the Supreme聽Court of New South Wales at Sydney on 4 May 2015.

Editor's Note 1:

At the first directions hearing on 4 May 2015, orders were made that the matter be back in court for a further directions hearing on 27 July 2015.

Editor's Note 2:

On 27 July 2015 the proceedings against two of the defendants - Reeltime Media Limited and DE Digital Pty Ltd (both subject to Deeds of Company Arrangement) - were adjourned to 26 October 2015. The proceedings against the remaining defendants were discontinued as those companies are now in liquidation.

Editor's Note 3:

On 26 October 2015 the proceedings against the remaining two defendants, Reeltime Media Limited and DE Digital Pty Ltd which entered into Deeds of Company Arrangement on 20 July 2015, were discontinued.