St Hilliers director Tim Casey will make an offer to creditors – including subcontractors owed at least $7.1 million – to revive his cash-strapped contracting business and trade out of administration.
Mr Casey, who was working with administrators of the seven contracting companies – St Hilliers real estate development arm is not in administration – to try to keep 19 of their 21 live projects going, was working on a proposal, WLP Restructuring partner Glenn Livingstone said on Wednesday.
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