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Keybridge Capital Limited ( (AU:KBC) ) just unveiled an update.
Keybridge Capital Limited has appointed Mr. Gideon Rathner as Voluntary Administrator due to ongoing legal and financial challenges, including unsuccessful attempts to raise necessary capital. This decision follows several court proceedings initiated by WAM Active Limited, which have prevented the company from securing funds to cover legal costs and reduce debt. As a result, Keybridge’s shares will remain suspended during the administration process, and a statutory meeting of creditors is anticipated within eight business days. The administration is expected to impact stakeholders significantly, and the company will continue to provide updates via ASX announcements.
More about Keybridge Capital Limited
Keybridge Capital Limited (ASX: KBC) is an investment and financial services group with a diversified portfolio of listed and unlisted investments, including assets in life insurance, property, and funds management sectors. It holds substantial positions in companies such as Yowie Group Ltd, Benjamin Hornigold Ltd, HHY Fund, Molopo Energy Limited, and RNY Property Trust.
YTD Price Performance: -6.00%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$9.72M
See more data about KBC stock on TipRanks’ Stock Analysis page.
