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Field Solutions Holdings Ltd Enters Receivership and Administration

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Field Solutions Holdings Ltd Enters Receivership and Administration

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Field Solutions Holdings Ltd ( (AU:FSG) ) has issued an update.

Field Solutions Holdings Limited (ASX:FSG) has appointed Rob Smith and Matthew Hutton of McGrathNicol as Receivers and Managers, alongside the appointment of Barry Wight and Daniel Juratowitch of Cor Cordis as Voluntary Administrators. This move comes as the company faces financial difficulties, leading to a suspension of its shares. The Receivers plan to maintain business operations while exploring sale or recapitalisation options, potentially impacting the company’s future stability and stakeholder interests.

More about Field Solutions Holdings Ltd

YTD Price Performance: 10.0%

Average Trading Volume: 195,831

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: A$17.02M

For an in-depth examination of FSG stock, go to TipRanks’ Stock Analysis page.

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