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An announcement from Inventis Limited ( (AU:IVT) ) is now available.
Inventis Limited has announced a restructuring of its group structure, involving its subsidiary ACN 081 814 717 PTY LTD, which was placed into voluntary administration. This decision follows the successful sale of the subsidiary’s business and assets, aligning with Inventis’s strategy for debt reduction and rationalization. The secured lender, THN Property Funding Pty Limited, has appointed receivers to manage the collateral of the subsidiary, indicating a strategic move to streamline operations and improve financial stability.
More about Inventis Limited
Technical Sentiment Signal: Sell
Current Market Cap: A$1.15M
For an in-depth examination of IVT stock, go to TipRanks’ Overview page.