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Todd Zani resigned as chairman and managing director in October but has continued as chief executive.

Stargroup goes into receivership

ATM operator Stargroup has been placed in the hands of insolvency firm KordaMentha after the loss-making company was unable to complete a restructure of its $9.1 million debt.

Business News understands the ASX-listed company had been trying to raise fresh equity but was unable to do so.

It announced today that Richard Tucker and John Bumbak of KordaMentha Restucturing have been appointed as receivers and managers.

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Stargroup (STL)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

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