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Second Meeting Of Creditors Of Company Under Administration

Openn Negotiation Ltd

ACN: 612329754

ABN: 75612329754

Openn Pty Ltd

ACN: 612338477

ABN: 31612338477

Openn Tech Pty Ltd

ACN: 607908636

ABN: 37607908636

Openn World Pty Ltd

ACN: 640846813

Published: 11/6/2024

The purpose of the meeting(s) is:

  1. to receive the report by the Administrator(s) about the business, property, affairs and financial circumstances of the Company(ies); and
  2. to receive a statement of Administrator(s) opinion and reasons for the opinion:
    1. whether it would be in the creditors ' interests for the Company(ies) to execute a deed of company arrangement;
    2. whether it would be in the creditors ' interests for the administration to end;
    3. whether it would be in the creditors ' interests for the company to be wound up;
  3. to receive a statement of such other information known to the administrator as will enable the creditors to make an informed decision about the matters at paragraphs 2(a) ? (c) above;
  4. to receive details of any transactions that appear to the Administrator(s) to be a voidable transaction in respect of which money, property, or other benefits may be recoverable by a liquidator under part 5.7B of the Act
  5. to receive details of any proposed deed of company arrangement; and
  6. for the creditors of the Company(ies) to resolve that:
    1. the Company(ies) execute a deed of company arrangement; or
    2. the administration(s) should end; or
    3. the Company(ies) be wound up.

Other agenda items are:

  1. to determine the remuneration of the administrator(s)
  2. to determine the future remuneration of the administrator(s)
  3. to determine the deed administrator(s) and or liquidator(s) future remuneration if appointed
  4. if the company is wound up, to consider the appointment of a committee of inspection and, if so, who are to be the committee members
  5. if the company is wound up to consider the early destruction of books and records
  6. any other business

Level 44, 108 St Georges Terrace, Perth Wa 6000

Level44108StGeorgesTerracePerth WA 6000
E-mail: kieran.bright@kordamentha.com

Sydney Liquidator

JLA Insolvency & Advisory are a boutique insolvency practice based in the Sydney CBD. We work with a variety of corporate clients including private equity firms, listed and unlisted companies, first and second tier financiers and wealthy individuals.If you are experiencing financial distress or if you need any assistance with an insolvency related matter contact us for an obligation free discussion on how we can help.