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Sequoia Financial Group Updates on InterPrac Sale Amid ASIC Receiver Proceedings and ASX Approval Delays
11:12am on Friday 10th of April, 2026 AEST
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Financial Services
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Sequoia Financial Group Updates on InterPrac Sale Amid ASIC Receiver Proceedings and ASX Approval Delays
11:12am on Friday 10th of April, 2026 AEST
Key Points
ASIC initiates court proceedings to appoint receiver over InterPrac guarantees
Receiver appointment limited to guarantees, not affecting InterPrac’s trading or sale progress
Sequoia disputes ASIC concerns about creditor interests and AFCA complaint liabilities
ASX delays decision on shareholder approval pending clarity on receiver appointment
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