Troubled oil and gas company Linc Energy is to be wound up after creditors unanimously voted to place it into liquidation.
The meeting went for just half an hour in Brisbane and the several creditors present did not ask any questions.
PPB had recommended to creditors that Linc Energy be wound up.
PPB Advisory liquidator Grant Sparks said he expected creditors to get some money back.
“There will be a distribution is our sense at the moment given the sales process that we are conducting.”
“We just have no real assessment of what that will be at the moment.
“The creditors won’t receive everything that they are owed in return. There’s no doubt about that and that’s…
Read the full article at: http://www.abc.net.au/news/2016-05-23/linc-energy-to-go-into-liquidation-creditors-vote/7437382