Former marketing services powerhouse Salmat will ask its general meeting at the end of the month for approval to delist, wind itself up, and appoint liquidators.
The company, which enjoyed supersonic growth for 35 years, sold its last two operational divisions earlier in the year. Its marketing solutions business was acquired by IVE, and its microsourcing business by Probe BPO. The board considered the options with the money received, and has now concluded that what has been a stellar run has come to an end.
The voluntary liquidation will see a 66.5-cents-per-share payout to shareholders. All directors will vote in favour of the winding-…
Read the full article at: https://www.print21.com.au/news/end-of-era-as-salmat-seeks-to-wind-itself-up
