SGO 0.00% 2.0¢ stream group limited

News: SGO Stream Group updates on liquidation of Stream Group Aust Pty Ltd

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    April 15 (Reuters) - Stream Group Ltd (SGO) :

    • Says SGA is now in the process of being liquidated
    • Liquidation of SGA has delayed audit of financial statements for 6 months to

      31 December 2015 and consequently issuance of HY report

    • SGO will undertake a rights issue to clear debts and leave the company

      essentially debt free

    • Estimate of the size of the required rights issue is in the range of $0.5-1.0

      million

    • SGO's only remaining active business units in Australia is Censeo Pty Ltd"
    • Says are in the process of selling censeo to management by way of an MBO
                        
 
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Currently unlisted public company.

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