Centrex Limited (ASX:CXM) Reconvenes Second Meeting of Creditors
Second Meeting of Creditors
Centrex Limited (ASX:CXM) has reconvened its second meeting of creditors, scheduled for Monday, 16 June 2025 at 2:00 PM (AEST). Creditors will decide whether to accept the proposed deed of company arrangement (DOCA) by PRL Global Limited (ASX:PRG), return the company to its directors, or place it into liquidation.
Proposed DOCA by PRL Global Limited
Under the proposed DOCA, unsecured creditors’ debts will be compromised, with no returns to Centrex shareholders. The Administrators will apply to the Court to transfer Centrex shares to PRL, contingent on Court approval. Upon transfer, a Creditors’ Trust will be established to handle distributions to creditors.
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