Strategic halts January preference shares payment

The moratorium process is near completion, the company said in a statement today.

Strategic froze repayments to 15,000 investors owed $325 million in August.

It wants approval for a managed wind-down of its loan book as an alternative to receivership, after a proposal by a management-led consortium to buy the business from Allco HIT, an Australian investment company, fell through.

By Jonathan Underhill

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