"At the weekend, Hastie Group executives met advisers from corporate reconstruction specialist PPB, but last-ditch
attempts to revive the recapitalisation failed. Early yesterday, the board decided to appoint PPB as administrator and McGrathNicol as receiver of the company. Both firms will be officially appointed today."
Sad day for many affected !
HST Price at posting:
16.0¢ Sentiment: None Disclosure: Held