Propertyfinance Stock Suspended on Failure to File Report

Propertyfinance group Ltd., the finance company that emerged from receivership in February, had its stock suspended for failing to file an annual report.
The company was restructured to operate in a reduced capacity. It funded its mortgage lending by selling debentures and tapping wholesale securitisation trusts.
The shares last traded on July 25 at 10 cents and have sunk 91% over 12 months.

By Jonathan Underhill

     

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