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REACT Energy confirms winding up of KFL unit

Published: 00:49 30 Sep 2014 AEST

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REACT Energy (LON:REACT) has confirmed the winding up of its subsidiary Kedco Fabrication Limited (KFL).

The company today held shareholder and creditor meetings regarding the matter.

It also told investors that KFL has now entered into creditors' voluntary liquidation following the appointment of a liquidator.

The company reaffirmed that KFL’s total net debt was £1.5mln and £1.4mln of that was owed to REACT.

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