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Genetic Technologies ( (AU:GTG) ) has shared an update.
Genetic Technologies Limited, currently under voluntary administration, has had its creditors resolve to execute a Deed of Company Arrangement (DOCA) proposed by Benelong Capital Partners Pty Ltd. This decision, made during the second reconvened meeting of creditors, will transition creditors’ claims to a Creditors’ Trust and consolidate the company’s share capital on a 1 for 10 basis, subject to shareholder approval and compliance with applicable laws.
More about Genetic Technologies
Average Trading Volume: 100
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $5.88M
For an in-depth examination of GTG stock, go to TipRanks’ Stock Analysis page.