Commencement of Sale Process
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| Stock | Regional Express Holdings Ltd (REX.ASX) |
|---|---|
| Release Time | 20 Feb 2025, 1:06 p.m. |
| Price Sensitive | Yes |
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Regional Express Holdings Ltd commences sale process
Key Points
- Administrators appointed for Regional Express Holdings Ltd and certain group companies
- Administrators have commenced a sale and/or recapitalisation process
- Houlihan Lokey retained to assist with the sale process
Full Summary
Regional Express Holdings Ltd (Rex) has announced that the company and certain group companies have been placed into voluntary administration, with Adam Nikitins, Samuel Freeman and Justin Walsh of Ernst & Young appointed as joint and several voluntary administrators. The administrators have commenced a process for the sale and/or recapitalisation of the group. Houlihan Lokey has been retained to assist with managing this process, and the administrators anticipate a competitive process from interested parties. The announcement has been authorised to be provided to the ASX by the administrators.
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