Logistics firm Sendy goes into administration

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The High Court has appointed an administrator to oversee the recovery of Sendy Group. PHOTO | POOL

Technology-based logistics firm Sendy Group has been placed under administration after defaulting on its debt, marking the latest startup to collapse.

The High Court has appointed Peter Kahi of PKF Consulting to run the company with a goal of first turning it around and the possibility of liquidating its assets if the rescue efforts fail.

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