Listed non-bank finance company GFNZ Group plans to revert to its old name of Geneva Finance and boost its share price.
GFNZ Group says it will revert to its old name of Geneva Finance and carry out a seven-for-one consolidation to boost its share price.
Geneva, as it was formerly called, was one of the first finance companies to go into a debt moratorium at the start of a string of company collapses in this sector in 2007.
It is one of the only large scale finance operation that successfully exited moratorium, paying its investors between 11% and 13% interest each month and repaying a total of $169 million (including $42 million of interest) to those investors...MORE»
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