Solid Energy creditors vote against committee, decide to keep KordaMentha

Tue, 25 Aug 2015

By Paul McBeth Aug. 25 (BusinessDesk) - The creditors for failed state-owned coal miner Solid Energy have voted against setting up a committee to liaise with the company's administrators, Brendon Gibson and Grant Graham of KordaMentha, who got approval from the lenders. Solid Energy's creditors, which includes Bank of New Zealand, ASB, Australia & New Zealand Banking Group, Westpac Banking Corp, and Bank of Tokyo, held their first meeting today where they voted against forming a creditors' committee and decided to retain Gibson and Graham...

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