Administrators warn late bid to revive Mercedes Construction on shaky ground

[Pelican Press 0]

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Administrators warn late bid to revive Mercedes Construction on shaky ground

Administrators have warned a late bid to revive Mercedes Construction may have little advantage for most creditors as they reveal more details of the builder’s demise.

A representative of the business behind Zorzi Builders — Mercedes Group — submitted a deed of company proposal last Friday with a pledge to waive debts and chip in $250,000 cash.

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