Deed of company agreement gains creditor endorsement
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Simon Abela |
Car carrierAutocareServicesreturnsto parent company Linx Cargo Care Group, havingexitedvoluntary administration on July 1, the latter announces.
It re-joins with a new operating model,leadershipteam, property footprint and structure that “places the business on sustainable footing into the future”, Linx notes in a statement.
“TheVoluntary Administration processforAutocareServices has completedfollowing theimplementationand effectuationofitscreditor-endorsedDeed of Company Arrangement (DOCA)proposed by Linx CCG.
“Theendof thisprocess meanscontrol ofAutocareServiceshas been handed back to the company director by the administrators and the busi…
Read the full article at: https://www.fullyloaded.com.au/industry-news/2107/administrators-hand-autocare-business-back-to-linx
