Creditors are being asked to vote to wind up the Ralan Group.
#RalanGroup #Collapse #Investing Investors are losing millions of dollars because of the Ralan Group Collapse. Buying off the plan isn’t risk-free. References Chinese-Australian property investors stand to lose millions in collapse of apartment developer Ralan Grouphttps://www.abc.net.au/news/2019-09-17/property-developer-collapse-sees-investors-facing-huge-losses/11492920
#RalanGroup #Employment #Recession It appears that the Ralan Group may have spent the deposits of people who purchased off the plan. References Most off-plan deposits for Ralan units ‘have been spent’ https://www.realestate.com.au/news/most-offplan-deposits-for-ralan-units-have-been-spent/