Singapore's Sun Cable collapses, appoints administrators

Jan 11 (Reuters) - Singapore-based Sun Cable is going into voluntary administration, the clean energy firm said on Wednesday, months after billionaire Mike Cannon-Brookes took on the role of chairman. The company is aiming to develop a A$30 billion-plus ($20.69 billion) project to supply solar power from Australia to Singapore, with the backing of tech billionaire and climate activist Cannon-Brookes and the richest man down under Andrew Forrest. However, the mega project has fallen short of funds as its shareholders were unable to reach a consensus on its future direction...