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The latest announcement is out from DW8 Ltd ( (AU:KDY) ).
Kaddy Limited announced the effectuation of a Deed of Company Arrangement (DOCA) following voluntary administration, limiting its operations to a non-trading holding company. The company is exploring new opportunities, including potentially reacquiring its ‘Marketplace’ business. The Kaddy Limited Creditors’ Trust plans to declare a dividend, with convertible noteholders excluded from participation. The sale of the ‘Marketplace’ business to Kaddy Marketplace (Aust) Pty Limited, supported by Lecca, was completed, ensuring continued employment for 25 staff and maintaining the senior management team.
More about DW8 Ltd
Kaddy Limited operates in the e-commerce and logistics industry, focusing on food and beverage distribution. The company is supported by Lecca Group Pte Ltd, a Singapore-based investment holding company that owns Cellarbration, an online alcohol delivery business.
YTD Price Performance: -10.0%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$3.83M
For a thorough assessment of KDY stock, go to TipRanks’ Stock Analysis page.