ChemX Materials Limited ( (AU:CMX) ) just unveiled an announcement.
ChemX Materials Limited and its subsidiary HiPura Pty Ltd have entered into Deeds of Company Arrangement following the appointment of administrators. The arrangements involve Benelong Capital Partners Pty Ltd and Alluminous Pty Ltd, respectively, with financial commitments and conditions set for both companies. These arrangements aim to address creditor claims and facilitate the companies’ restructuring processes, with potential repayments to creditors and changes in company management.
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Technical Sentiment Signal: Strong Buy
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