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Ecofibre Limited Declares Shares Worthless Amidst Administration Proceedings

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Ecofibre Limited Declares Shares Worthless Amidst Administration Proceedings

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An update from Ecofibre ( (AU:EOF) ) is now available.

Ecofibre Limited, currently under administration, held a second meeting of creditors where it was resolved to execute a Deed of Company Arrangement (DOCA). The administrators have declared the shares worthless, indicating no expected returns for shareholders, and advised them to seek independent tax and legal advice.

More about Ecofibre

Average Trading Volume: 50,287

Technical Sentiment Signal: Sell

Current Market Cap: A$7.29M

For an in-depth examination of EOF stock, go to TipRanks’ Overview page.

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