SUCROGEN are the proud owners of the Proserpine Sugar Mill after a majority of Proserpine creditors voted to approve the purchase this morning.
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Sugar Mill vote goes to Sucrogen
SUCROGEN are the proud owners of the Proserpine Sugar Mill after a majority of Proserpine creditors voted to approve the purchase this morning.
Sucrogen chief executive officer Ian Glasson said the creditors' vote was a great outcome and paved the way for the sale transaction to be completed immediately.
"We are grateful to have received such strong support from creditors, who have clearly shown faith in us and our plans for the Proserpine region," Mr Glasson said.
The creditors will be paid in full before Christmas, he said.
