Alien Ltd has a substantial loan receivable from Highest Holdings, which is a going concern. Currently, Alien
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Question:
Alien Ltd has a substantial loan receivable from Highest Holdings, which is a
going concern. Currently, Alien Ltd holds of voting shares, and another
major shareholder holds Due to financial stress, Highest Holdings has
agreed to convert the loans payable into shares if it becomes eminently likely
to go into administration.
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