Powerlan QLD: in administration, AU$17 million in the red
By Jeanne-Vida Douglas, ZDNet Australia
Just three days after selling off its Business Integration (BI) arm in Queensland, Victoria and New South Wales, ASX-listed business systems integrator Powerlan placed a "non-operating subsidiary"--Powerlan QLD--into voluntary administration delivering, it into the care of accounting firm KPMG.
What a company !!, talk about shifty moves!.