Australian online book retailer Booktopia enters voluntary administration due to financial difficulties.

Australian online book retailer Booktopia has entered voluntary administration and suspended trading on the ASX due to financial difficulties. The company appointed Keith Crawford, Matthew Caddy, and Damien Pasfield from McGrathNicol to oversee potential restructuring or sale of the business. Booktopia has faced financial struggles, with its share price dropping from $3 in August 2021 to $0.17 in June 2022.

July 03, 2024
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