More than 130 people have lost their jobs after a glazing company that worked on Probuild’s troubled 443 Queen St project in Brisbane has collapsed owing more than $3m.
CITY BEAT Glen Norris 3 min read March 11, 2022 - 7:11PM The Australian Business Network
A glazing company that worked on Probuild’s troubled 443 Queen St project has gone under owing $3.25m and putting more than 130 people out of work.
Anthony Connelly, Jamie Harris and Mark Holland of McGrathNicol were appointed liquidators of Narangba-based Hitec Glazing on March 3 after the 14-year-old firm was hit by the collapse of Probuild the week earlier.
Hitech had provided windows to the Queen St project as well as working on a range of other major high-rise developments around the country.
McGrathNicol’s Connelly says Hitec has ceased operations and the liquidators are currently assessing the most appropriate way to preserve value for stakeholders. Expressions of interest are sought for all or any part of Hitec’s business or assets and are requested by 4pm on March 16.
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