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New receivers sent to Sargon subsidiary as OneVue shares hit

Fund and superannuation services business OneVue has appointed receivers to a subsidiary of embattled fintech Sargon, in an effort to protect a $31 million payment.

ASX-listed OneVue said it made the move after voluntary administrators were appointed to a string of subsidiaries of Sargon Capital.

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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au

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    Original URL: https://www.afr.com/companies/financial-services/new-receivers-sent-to-sargon-subsidiary-as-onevue-shares-hit-20200204-p53xm1