Sharechat Logo

Strategic in talks with Perpetual & BOS on moratorium

Thursday 13th November 2008

Text too small?
Strategic Finance managers and directors, who were thwarted in their attempt to acquire the company from Australian parent Allco HIT, are in talks about a moratorium with the trustee and BOS International.

"The moratorium proposal is likely to result in the cancellation of all dividends including dividends payable to perpetual preference shareholders until all principal and interest has been paid to prior ranking security holders," the company said in a statement.

Allco Hit this week appointed KordaMentha as receivers and managers for the group, excluding Strategic Finance and its immediate owner Strategic Investment Group.

By Jonathan Underhill



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

July 18th Morning Report
July 17th Morning Report
Meridian Energy monthly operating report for June 2025
July 16th Morning Report
AIA - June 2025 Monthly traffic update
CHI - Q2 2025 Operational Update
July 15th Morning Report
BPG - Blackpearl Acquires US AI Platform to Accelerate Growth
TGG - Response to media speculation
ARB - Annual Meeting Date and Director Nominations