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name changed to OFT Limited
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03/09/2002
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Austal announces the 1 million Austal shares to be issued to Oceanfast shareholders in terms of the Heads of Agreement will not be issued - instead the cash equivalent of the 1 million shares will be paid to Oceanfast creditors by Austal
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31/05/1999
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Austal Limited announces acquisition of the shipbuilding operations of Oceanfast Limited through wholly owned subsidiaries Oceanfast Properties Pty Limited and Oceanfast Marine Pty Limited - under its new ownership, the Oceanfast name will be retained and will continue to operate as a separate entity
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31/05/1999
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administrators hand company back to the control of directors but it remains subject to a Deed of Company Arrangement which will not terminate until after creditors are paid certain dividends
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25/05/1999
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company agrees to sell to Austal Ltd all of its wholly owned operating subsidiaries for 1 million shares in Austal together with Austal assuming specific operating liabilities estimated to be less than $8 million
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22/02/1999
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company's shares suspended from quotation
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22/02/1999
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directors of the companies within the Oceanfast Group resolve to place all of the companies into voluntary administration to enable the restructuring and sale of the Oceanfast Group - R Norgard and B Hughes appointed to attend to the voluntary administration and restructuring
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22/02/1999
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