NewsFlashAustralia's Natural Fuels goes into restructuring

14 April 2009 04:05  [Source: ICIS news]

SINGAPORE (ICIS news)--Australian biodiesel producer, Natural Fuel Limited, has gone into administration for restructuring and improvement of its financial situation, the Australian Stock Exchange (ASX) announced on Tuesday.

Australian accountancy firm, Ferrier Hodgson, has been appointed the administrator.

"The administrators are working with the board and management to look at options for the restructure of the company and its financial position," said a statement by the administrator on ASX.

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By: Jeremiah Chan
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