Openn Group Seeks Urgent Financial Rescue

Openn Negotiation Limited (AU:OPN) has released an update.

Openn Negotiation Limited and its subsidiaries, collectively known as the Openn Group, are under voluntary administration, and efforts are underway to assess and stabilize the company’s financial situation. Administrators have secured funding to maintain normal business operations and are seeking expressions of interest for recapitalization or sale of the group’s assets by May 28, 2024. Shareholders and interested parties are directed to contact KordaMentha for inquiries.

For further insights into AU:OPN stock, check out TipRanks’ Stock Analysis page.