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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