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Genetic Technologies ( (AU:GTG) ) has issued an announcement.
Genetic Technologies Limited is currently under voluntary administration, with a focus on resolving its financial difficulties. The company faces a critical decision in its upcoming reconvened meeting of creditors, where stakeholders will vote on whether to execute a Deed of Company Arrangement (DOCA), end the administration, or liquidate the company. The administrators recommend the DOCA, as it offers a beneficial financial outcome for priority creditors and addresses secured creditors’ claims.
More about Genetic Technologies
Average Trading Volume: 100
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $5.99M
For detailed information about GTG stock, go to TipRanks’ Stock Analysis page.
