Care A2 Plus in legal stoush over loan default
Care A2 Plus has become embroiled in a dispute with its lenders, who allege the infant formula manufacturer has defaulted on a $2.2 million loan ahead of a potential listing on the ASX.
But Care A2 Plus, one of a few companies handed a lucrative licence to import infant formula into the US, says Gemi Investments had inappropriately appointed a liquidator to oversee the sale of a Melbourne property against which the loan was secured.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Retail
Fetching latest articles