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Raptis Group Resurrection One Step Closer

Following weeks of tense creditor’s meetings, Raptis Group and Rapcivic Contractors (the company’s construction arm) will not be liquidated with creditors voting to recieve 10c – 15c in the dollar on owed monies.

Following the repayments, creditors will likely own about 40% of the company, and it’s possible that the sale of some of the groups assets – including future development sites could be prevented.

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This entry was posted on Wednesday, April 1st, 2009 at 9:58 am and is filed under Raptis Group. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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