Company
ailing property developer
Girraween, NSW
Every investor coverage indicates participated in a round Bathla raised.
Companies Bathla acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Bathla. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
An ABC investigation traces luxury property holdings linked to the family of Bathla's founders while the Sydney building group sits in administration owing billions, with assets held by relatives rather than the founder himself.
Bathla Group's administrators expect to wind up the business after a lender meeting and a government bailout request failed, leaving hundreds of staff unpaid and thousands of homes in limbo.
Administrators Teneo warn the debt-laden developer Bathla Group could close within days without emergency funding; 350 staff are unpaid and the NSW government has declined a bailout.
An AFR managed-funds topic page: a star small-caps deputy goes solo with a new Sydney firm, Gigacomm buys rival DGtek, Google plans a multibillion-dollar domestic bond, plus fund manager and market stories.