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Genetic Technologies Emerges from Administration, New Directors Take Helm
2:33am on Monday 2nd of June, 2025 AEST
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Healthcare
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Genetic Technologies Emerges from Administration, New Directors Take Helm
2:33am on Monday 2nd of June, 2025 AEST
Key Points
DOCA effectuated on 14 May 2025, ending external administration
Existing directors resigned; control passed to incoming directors
Creditors’ Trust established with deed administrators as trustees
Creditors now beneficiaries of the trust, no expected unsecured creditor returns
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Genetic Technologies (ASX:GTG)
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