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2mo ago
The debt-ridden Bathla Group has reached a short-term funding agreement with five of its lenders which will continue its survival for another two weeks.
The property developer's administrator, Teneo, says this funding will allow construction to continue on those lenders' construction projects.
However, construction on other projects will be suspended today, resulting in approximately 213 employees being stood down.
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Read more here: https://www.abc.net.au/news/2026-09-07/bathla-collapse-affordable-housing-quality-issues/107117958
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