Two multinational construction companies have been caught up in a Queensland building watchdog crackdown with the firms forced to raise millions of dollars to ensure they keep their licences.
Glen Norris August 3, 2021 - 2:27PM The Australian Business Network
Two multinational construction companies have been caught up in a Queensland building watchdog crackdown with the firms forced to raise millions of dollars to ensure they keep their licences.
The two companies, which cannot be named by the Queensland Building and Construction Commission (QBCC) at this stage because they are under a show cause notice, had to raise a total of $57m by way of share issuances. The QBCC is cracking down on the finances of building companies after a string of collapses that have cost smaller subcontractors billions of dollars.
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