Cole Bennetts
McAleese’s administrators, McGrathNicol, have received a new restructuring proposal from Hong Kong’s SC Lowy and plan to discuss the transport group’s options, which include liquidation, with creditors next month.
McGrathNicol is reviewing draft deeds of company arrangement from McAleese’s secured creditors, the administrators said on Monday.
“Any final deed of company arrangement proposal received will be compared against liquidation and all creditors will receive a d…
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