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Finexia Halts Strategic Sale, Secures New Collateral Amid Loan Defaults
9:51am on Wednesday 6th of August, 2025 AEST
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Financial Services
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Finexia Halts Strategic Sale, Secures New Collateral Amid Loan Defaults
9:51am on Wednesday 6th of August, 2025 AEST
Key Points
Negotiations for sale of Creative Capital Group and FCFT management rights terminated
External administrator appointed for defaulted Genius loans secured by childcare assets
Additional $6 million in Mayfield Childcare shares secured as collateral
Internal and external investigations underway into credit and regulatory practices
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Finexia Financial (ASX:FNX)
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