Latest Financial Distress News

Openn Negotiation Ltd has entered voluntary administration following a failed $2.5 million capital raise, with its shares suspended on the ASX. Administrators have secured funding to maintain operations while pursuing a sale or recapitalisation.

Australian Pacific Coal Limited has voluntarily suspended trading following the appointment of administrators and receivers at its Dartbrook Mine operator entities, signaling significant financial distress within the joint venture.

Creditors of Mosaic Brands Limited and its associated companies have resolved to place the group into liquidation, marking a significant development in the retailer’s ongoing financial distress.

Inventis Limited has placed its commercial furniture division into voluntary administration, triggering a default event with its lender and prompting negotiations on financial restructuring.

Epsilon Healthcare and its subsidiaries have officially exited voluntary administration and Deeds of Company Arrangement, marking a pivotal recovery milestone supported by significant personal commitments from the new board. The company now shifts focus to strategic growth and rebuilding trust.

Yowie Group Ltd has initiated an off-market takeover bid to acquire Keybridge Capital Limited, offering one Yowie share for each Keybridge share amid Keybridge's financial distress and administration history.

Centrex Limited’s creditors are set to decide on a proposed restructuring plan by PRL Global Limited that could reshape the company’s future and creditor recoveries.

Toys’R’Us ANZ Limited has been suspended from ASX trading following the appointment of voluntary administrators, signaling serious financial distress. The suspension will remain until the company meets ASX’s compliance requirements.

Toys’R’Us ANZ Limited has appointed voluntary administrators after abandoning its recapitalisation efforts, with ASX trading suspended immediately. The company aims to explore restructuring or sale options while maintaining operations.

HealthCo Healthcare & Wellness REIT and its partners have arranged a short-term partial rent deferral with Healthscope’s receivers to maintain hospital operations during a critical transition period.

Lucapa Diamond Company Limited’s shares remain suspended following the appointment of voluntary administrators, highlighting severe financial distress and regulatory breaches.

Lucapa Diamond Company and its subsidiaries have appointed voluntary administrators as they embark on a dual-track recapitalisation and sale process to address financial distress.