Educational software developer Entellect Solutions (ASX:ESN) has announced that its wholly-owned subsidiary, MXL Consolidated, has been placed into voluntary administration.
MXL has appointed Sydney firm Rodgers Reidy Chartered Accountants as its voluntary administrator today.
MXL conducts a significant majority of Entellect’s trading operations, the parent entity said, and as a result Entellect has requested the company be suspended from trading.
The ASX has granted this request. ESN shares were suspended at $0.002.
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