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ASIA

Sino blames ASIC action for administration

THE reason for Sino Australia Oil and Gas director and CEO Guangbin Zhong's decision to quit his $180,000 per annum job yesterday, effective immediately has become clear, and it turns out the "personal reasons" excuse times with a decision to place the beleaguered company into voluntary administration.

Haydn Black
Sino blames ASIC action for administration

Christopher Darin from the Sydney office and Matthew Jess from the Melbourne office of Worrells Insolvency and Forensic Accountants have been appointed voluntary administrators of the company with effect...

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