Author: host Created: Friday, September 25, 2009 11:03 AM
The latest developments at FEA

The Recievers of FEA have made an application to the federal court relating to land leased by FEA from external landowners. Growers and creditors can access documents relating to the application in the Document Library

 

 

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Court Order extending convening period for the 2nd creditors meeting of Forest Enterprises Australia Limited and FEA Plantations Limited. Please click here for further information.

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Receivers and Managers of Forest Enterprises Australia Limited (FEA) (ASX Code: (FEA)) and wholly owned subsidiary FEA Carbon Pty Ltd (FEAC) and controllers of Tasmanian Plantations Pty Ltd, Deloitte partners Tim Norman and Sal Algeri...

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Deloitte partners Tim Norman and Sal Algeri have been appointed as Receivers and Managers of Forest Enterprises Australia Limited (FEA) (ASX Code: (FEA)) and wholly owned subsidiary FEA Carbon Pty Ltd (FEAC).

Mr Norman and Mr Algeri have also been appointed as ‘agents for the mortagee in possession’ of Tasmanian Plantations Pty Ltd (TP), another wholly owned property holding subsidiary of FEA.

FEA is an ASX-listed forestry and forest products company formed in 1985 that operates across the timber processing and agribusiness industries.
 
The Receivers have not been appointed to FEA Plantations Limited (FEAP) which has been placed into Voluntary Administration. FEAP is a 100% owned subsidiary of FEA and is the responsible entity for the 17 forestry Managed Investment Schemes (MIS).

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BRI Ferrier has been appointed as Voluntary Administrators of the following FEA entities:

• Forest Enterprises Australia Limited ACN 009 553 548

• FEA Plantations Limited ACN 035 969 429

• Tasmanian Plantation Pty Ltd ACN 009 560 963

• FEA Carbon Pty Ltd ACN 009 505 195

It is anticipated that the Administrators will make public announcements on the administration process in due course.

For further information please contact BRI Ferrier on freecall 1300 229 266 or by email at fea@briferriernsw.com.au

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The Chief Executive Officer of Forest Enterprises Australia (FEA), Mr Andrew White today confirmed the company remained in discussions with its financiers over its restructuring plan and financing arrangements.

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You can download a copy of the release to the ASX detailing the outcomes of FEA's 2009 AGM here.

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The Chairman's Address to the 2009 FEA AGM can be downloaded here.

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FEA's Annual Report for 2009 has been released, and can be downloaded from our Company Reports page.

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