Not good news for SB with AJQ going into administration and an urgent sale of assets.
Not even a guarantee from DRG was enough to keep things floating.
AJQ only $300k left in the bank and $34m in debts.
And didn't make their debt repayment obligations.
armour-energy-collapse-followed-chinese-offer-to-buy-the-company
https://inqld.com.au/business/2023/11/14/armour-energy-collapse-followed-chinese-offer-to-buy-the-company/
https://inqld.com.au/business/2023/11/14/armour-energy-collapse-followed-chinese-offer-to-buy-the-company/
Delisting march 2024, page-187
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