GUVERA AUSTRALIA PLACED INTO VOLUNTARY ADMINISTRATION
27 June 2016, Written by Gold Coast Business News
GUVERA'S Australian arm has been placed into voluntary administration.
A successful listing would have given the eight-year-old Gold Coast company a market capitalisation of around $588 million and a $1.3 billion valuation.
According to Guvera's prospectus, a loss of $55.7 million was posted for the first half of FY16.
Herft says the job losses have occured in Guv Services Pty Ltd alone, which is an employment company.
Author: Gold Coast Business News