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The latest announcement is out from Toys ‘R’ Us Anz Limited ( (AU:TOY) ).
Toys‘R’Us ANZ Limited has appointed voluntary administrators after determining that it is, or is likely to become, insolvent, and unable to pursue a solvent recapitalization plan. The administrators will assess the company’s affairs and consider restructuring or sale options while operations continue as usual. The company’s securities have been suspended from trading on the ASX, and primary stakeholders have expressed willingness to collaborate on restructuring proposals.
More about Toys ‘R’ Us Anz Limited
Toys“R”Us ANZ Limited is an Australian-based company listed on the ASX, operating under a ‘House of Brands’ strategy through its e-commerce websites Toys“R”Us, Babies“R”Us, RIOT Art and Craft, and Hobby Warehouse. The company aims to accompany children on a ‘lifetime journey’ and was formerly known as Funtastic Limited until June 2021.
Average Trading Volume: 75,763
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$3.93M
See more data about TOY stock on TipRanks’ Stock Analysis page.