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Genetic Technologies Emerges from Administration, New Directors Take Helm

2:33am on Monday 2nd of June, 2025 AEST 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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