Good news for creditors of century-old manufacturer
Sale of the business’ 67 hectares of land was settled on March 30 to an “undisclosed purchaser”. “Unfortunately after seeking interest from assorted parties and the public, the Claypave business was unable to be sold as a going concern,” he said. “I had to look to sell the assets, including plant and equipment, stock and land separately in order to maximise a potential return to creditors. “I’m very pleased to say that I expect to report to creditors shortly that if future recoveries are as anticipated, full payment will be distributed in the coming months. “(This sale will ...
Source: qt.com.au