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News: TNT Tesserent Gets Report To Creditors From Administrators

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    22/06/23
    20:30
    Post #: 68426068

    June 22 (Reuters) - Tesserent Ltd (TNT) :

    • RECEIVED REPORT TO CREDITORS FROM ADMINISTRATORS WHEREBY ADMINISTRATOR IS RECOMMENDING DALTREY BE PLACED INTO LIQUIDATION
    • CO'S INVESTMENT IN DALTREY WILL BE WRITTEN OFF AS A NON-CASH ACCOUNTING LOSS UP TO A MAXIMUM AMOUNT OF A$3.298 MILLION
    • ADMINISTRATOR IS RECOMMENDING UNSECURED CREDITORS, SUCH AS TESSERENT, ARE UNLIKELY TO RECOVER ANY PROCEEDS FROM LIQUIDATION
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