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Dominion administrators call moratorium meeting

Friday 28th November 2008

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The voluntary administrators of Dominion Finance Holdings, whose shares last traded in October at 1 cent, said its North South Finance unit will seek stockholder approval for a moratorium next week.

To eke out more time for the arrangements, the administrators gained a High Court order extending the time for the watershed meeting of DFH creditors, which is now likely to be convened in the New Year.

DFH is essentially a shell with limited cash available, with one of its operating units in receivership and the other, North South, negotiating a moratorium on payments to investors.

By Jonathan Underhill



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