StockMarketWire.com - Redx said the High Court has approved an application by its administrators for an order allowing it to be returned to its directors as a going concern.

The court has given Her Majesty's Revenue & Customs until 4pm on 1 November to apply to vary or discharge the order.

If no such application is made, the administrators will take steps to return control of the company to the directors without undue further delay, RedX said.




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