ASX-listed Jumbo Interactive will soon close its failed Manaccom subsidiary, after creditors accepted a deeds of agreement today.
Jumbo offered to make a cash contribution of $500,000 to fund to pay unsecured creditors.
“Now that creditors have accepted the deed the process of closing, this underperforming business is expected to be wrapped up very quickly,” Mike Veverka, CEO of Jumbo said.
Jumbo appointed Deloitte on March 1 to shut down Manaccom, the group's retail software distribution business, which has failed to maintain profits in a booming online software market.
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