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The latest update is out from CI Resources Limited ( (AU:PRG) ).
Centrex Limited, along with its subsidiary Agriflex Pty Ltd, is undergoing a significant restructuring process under the administration of FTI Consulting. The creditors of both companies have agreed to a Deed of Company Arrangement (DOCA) proposed by PRL Global Limited, which includes transferring all shares of Centrex to PRL, pending court approval. This development marks a pivotal step in Centrex’s efforts to address its financial challenges, with implications for shareholders who are advised to seek legal and tax guidance.
More about CI Resources Limited
Average Trading Volume: 62,087
Technical Sentiment Signal: Buy
Current Market Cap: A$168.9M
Learn more about PRG stock on TipRanks’ Stock Analysis page.