ATM operator Stargroup has been placed in the hands of insolvency firm KordaMentha after the loss-making company was unable to complete a restructure of its $9.1 million debt.
Business News understands the ASX-listed company had been trying to raise fresh equity but was unable to do so.
It announced today that Richard Tucker and John Bumbak of KordaMentha Restucturing have been appointed as receivers and managers.
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Read the full article at: https://www.businessnews.com.au/article/Stargroup-goes-into-receivership