Epsilon Healthcare Limited (ASX:EPN) Enters Voluntary Administration
Administration Overview
Epsilon Healthcare Limited has entered voluntary administration following a majority board resolution on December 17, 2023. The decision was opposed by director Alan Beasley, who cited a lack of supporting information.
Leadership Changes
On February 13, 2024, Voluntary Administrators removed directors Messrs John Few and Gaohua (Wilson) Min from their positions under the Corporations Act.
Operational Impact
Administrator Ian Purchas maintained operations at the Southport manufacturing facility and Epsilon Clinics, though activities were subdued compared to the previous quarter due to administrative uncertainty. Epsilon Clinics continued to serve patients effectively despite the administration.
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