Halo Food Co Limited, an Australian company that specializes in producing wellness products for mothers and a range of handcrafted fudge, has unfortunately gone into receivership.
The company, trading on the ASX as HLF, appointed David Hardy, Ryan Eagle, and Emily Seeckts from KPMG Australia as receivers last Friday. KordaMentha has also been appointed as voluntary administrators, as announced in a statement on the ASX on Friday.
Halo Food Co Limited has gone into administration
‘The KPMG spokesperson stated that the receivers have taken over day-to-day control of the Halo Group and have initiated an immediate sale campaign to recapitalize or acquire the assets of the company.
Halo Food is the parent company of several entities, including Halo Manufacturing Pty Ltd, Halo Food Co. Trading Pty Ltd, and Omni Brands Pty Ltd.
Brands under Halo Food include The Healthy Mummy, which produce wellness products for mums, ‘premium functional beverage brand’ Tonik, powdered milk producers Key Dairy and Gran’s luxury fudge makers
Brands affiliated with Halo Food Co include The Healthy Mummy, which produces wellness products for mothers, ‘premium functional beverage brand’ Tonik, powdered milk producers Key Dairy, and Gran’s luxury fudge makers.
According to the Halo Food website, the company is an established brand owner, manufacturer, and exporter of formulated dairy and non-dairy nutritional products and health and wellness brands. It is based in Sydney and Melbourne, Australia, and Christchurch, New Zealand.
As of Thursday morning, when trading halt was implemented on HLF shares, the share price had dropped to just $0.007.
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