Troubled transport group McAleese would be rebranded, keep most of its businesses and de-list from the Australian Securities Exchange in a new restructuring proposal from Hong Kong financier SC Lowy.
McAleese's administrators, McGrathNicol, has received a new draft deed of company arrangement from SC Lowy, which is the transport group's biggest secured creditor.
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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com
