18 December 2017
Australian Stock Exchange Company Announcements Office Exchange Centre
Level 1, 20 Bridge Street Sydney NSW 2000
Appointment of Administrators
AnaeCo Limited (AnaeCo or the Company) (ASX:ANQ) announces that Hayden White and Matthew Woods of KPMG have been appointed as Administrators of the Company, as a result of the termination of the Tripartite Agreement between Xioaqing Environmental Protection Technology Co. Ltd, Monadelphous Group Limited and AnaeCo. With no other alternative transactions being available, AnaeCo has no financial means available to support its continued operation.
The Administrators will immediately undertake a financial and operational assessment of the Company and intend to continue to operate the Company on a business as usual basis until further notice.
Stakeholders are requested to continue to monitor ASX announcements as to the progress of the administration process.
Yours faithfully
AnaeCo Limited
For more information please contact:
Hayden White (Voluntary Administrator) KPMG Restructuring Services
Tel: +61 8 9263 7171
Email:haydenwhite@kpmg.com.au
Anaeco Limited published this content on 18 December 2017 and is solely responsible for the information contained herein.
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