Mighty Craft Limited (AU:MCL) has released an update.
Mighty Craft Limited, currently under voluntary administration, has resolved with creditors to execute a Deed of Company Arrangement (DOCA), facilitated by Ankura. This arrangement includes a transfer of all issued share capital to the proponent, Pure Asset Management, at no cost to the existing shareholders, pending court approval. The DOCA aims to compromise the company’s liabilities and is part of a restructuring effort to address the financial challenges faced by Mighty Craft Limited and its associated entities.
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