Advance Healthcare Group Ltd has asked its major creditor, Michael Boyd's Fulcrum Equity Ltd, to place AHG and its subsidiaries in administration after Fulcrum decided to not provide further financial support.
Advance Healthcare Group Ltd and subsidiaries changed its relevant interest from 100,348,896 ordinary shares (38.86%) to 100,348,896 ordinary shares (37.27%).
BALCATTA-BASED Advance Healthcare Group Ltd will raise $400,000 through a share placement to fund legal action against a major shareholder, Nedlands-based PharmAust Ltd.
Australian Healthcare Group Ltd has announced that mediation in relation to litigation by PharmAust Ltd has been adjourned, but it remains confident that the matter can be resolved without going to trial.
Nedlands-based pharmaceutical company Pharmaust has initiated court proceedings against pharmaceutical wholesaler Advance Healthcare Group following its tumultuous annual general meeting.
Advance Healthcare Group Ltd and subsidiaries increased its relevant interest from 16,933,333 ordinary shares (11.00%) to 100,348,896 ordinary shares (38.86%).
Sydney investment fund Hawkesbridge Private Equity has gained control of loss-making pharmaceutical wholesaler Advance Healthcare Group in extraordinary circumstances.
Balcatta-headquartered pharmaceutical, consumable and medical products provider Advance Healthcare Group Ltd today announced it had secured a $10 million working capital facility.
