April 17 (Reuters) - McAleese Ltd MCS.AX :
* Update on strategic process and voluntary suspension MCS.AX
* There remains no certainty that the strategic process will yield an outcome
* Says positive progress has been made since the exclusivity period commenced
* Says refers to its voluntary suspension from trading and recent announcements updating the market on its strategic process
* Negotiations between the company, its financiers and a consortium led by Sc Lowy (Sc Lowy) are continuing
* Source text[