The agreement was coupled to a proposed interim loan facility of A$30-million from Webuild to Clough, which required the urgent injection of working capital to avoid entering voluntary administration. With the expiry of the prescribed date for implementation, and with no reasonable prospect of the interim loan materialising, the parties mutually agreed on December 5 to terminate the agreement. In the absence of the interim loan, the Clough board then placed Clough and its subsidiaries under voluntary administration in Australia with immediate effect. M&R confirmed that the voluntary administration of MRPL had potential implications for RUC Cementation (RUC), which a net asset value of A$85-million (about R1-billion). RUC has not been placed into voluntary administration, with the administration of MRPL viewed as a way to mitigate the risks to RUC.