Sofcom finished

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    From ABC Online;

    The Internet company chaired by former Victorian Premier, Jeff Kennett, is to be wound up.

    Sofcom released a statement to the Australian Stock Exchange this morning saying that after an exhaustive search it could not obtain indemnity insurance for its directors past the end of the month.

    The statement emphasised the company was not insolvent, having no debt and more than $9 million in cash.
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