An Australian firm that produces wellness merchandise for mums and a spread of handcrafted fudge has gone into receivership.
Halo Food Co Limited, buying and selling on the ASX as HLF, has gone into administration with David Hardy, Ryan Eagle and Emily Seeckts from KMPG Australia appointed receivers final Friday.
A press release on the ASX on Friday additionally introduced KordaMentha have been appointed as voluntary directors.
“The receivers have now assumed day-to-day control of the Halo Group,” a KPMG spokesperson mentioned.
“An immediate sale campaign to recapitalise or acquire the assets of Halo Group has commenced.”
Halo Food is father or mother firm to a variety of entities, together with Halo Manufacturing Pty Ltd, Halo Food Co. Trading Pty Ltd, and Omni Brands Pty Ltd.
Brands underneath Halo Food embody The Healthy Mummy, which produce wellness merchandise for mums, “premium functional beverage brand” Tonik, powdered milk producers Key Dairy and Gran’s luxurious fudge makers.
“Based in Sydney and Melbourne, Australia and Christchurch, New Zealand, Halo Food Co. is an established brand owner and manufacturer and exporter of formulated dairy and non-dairy nutritional products and health and wellness brands,” reads the Halo Food web site.
By the time a buying and selling halt was placed on HLF shares on Thursday morning, its share value was simply $0.007.
Source: www.news.com.au
