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AAP
AAP
Business
Nick Wilson

MYSTERIOUS: Property developer rescue talks collapse funds dry up | Mind Blowing Facts

Talks with lenders for longer-term funding for a property developer failed to yield results. (Dan Himbrechts/AAP PHOTOS)

Talks to secure a funding lifeline for a major property developer have fallen through, as administrators lay off more than 100 workers.

Insolvency advisory Teneo announced on Wednesday property developer Bathla Group had run out of cash after securing $4.7 million in short-term funding.

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