Creditors looking to wind up Victory Offices owed $3.5m in overdue debts

 Two creditors owed more than what Victory Offices (ASX: VOL) is worth have applied to the Victorian Supreme Court to have the co-working and serviced offices operator wound up.

As per court documents obtained by Business News Australia, Victory Offices owes two creditors $3.5 million in total - at least $985,269 of which is unpaid rent and associated interest which was due and payable to retirement village operator Zig Inge Group at least since 16 May 2022.

This compares to VOL's market capitalisation which was $2.84 million at the close of trade yesterday.

The remaining $2.5 million is owed to Maia Financial - a subsidiary of KKR & Co and HPS - which will have a representative appear before the Supreme Court at a hearing into the winding up matter on 13 July.

Read More: https://www.businessnewsaustralia.com/articles/creditors-looking-to-wind-up-victory-offices-owed--3-5m-in-overdue-debts.html



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