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Forgacs Marine
Forgacs Marine and Defence, previously Forgacs Group and also simply known as Forgacs, is a major Australian engineering and shipbuilding company. It has facilities in Newcastle, Sydney, Brisbane and Gladstone. The company employs approximately 1000 people. Forgacs Group acquired Ullman Engineering in 1962. Following this, in 1987, it acquired the Newcastle Floating Dock. Shipbuilder Forgacs Shipyard, Carrington Slipways was acquired in 1997, followed by the Cairncross Dockyard facilities in Brisbane in 1999. Cairncross is used for commercial ship repair and includes one of the largest graving docks in Australasia. The dockyard can accommodate ships up to the Panamax sized class. Forgacs conducts refit and maintenance work for the Royal Australian Navy, including the repair and extensive conversion of the (LPA) ships, following their purchase from the United States Navy. Forgacs constructed hull blocks for the and in 2009 they were contracted to build 30 hull blocks for the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Proprietary Company
A proprietary company, the characteristic of which is abbreviated as "Pty", is a form of privately held company in Australia, Namibia and South Africa that is either limited company, limited or unlimited company, unlimited. However, unlike a public company there are, depending on jurisdiction, restrictions on what it can and cannot do. In Australia, a proprietary company is defined under section 45A(1) of the Corporations Act 2001 (Cth). The Act puts certain restrictions on proprietary companies such as not permitting them to have more than 50 members (shareholders). Another important restriction relates to fundraising. A proprietary company must not engage in fundraising that would require a disclosure document such as a Prospectus (finance), prospectus, an offer information statement, or a profile statement to be issued (sec.113(3)). The Act states in which circumstances a company must issue a prospectus when attempting to raise funds. This means that a proprietary company ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |