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Dominion shares suspended indefinitely

The NZX has suspended trading in Dominion Finance Holdings (DFH) shares indefinitely.

Thursday, October 16th 2008, 10:38PM
With the company's subsidiary Dominion Finance Group Limited (DFG) currently in receivership, and its other principal subsidiary North South Finance Limited progressing a moratorium proposal, neither subsidiary is in a position to provide funding to Dominion Finance Holdings Limited (DFH).

Last week DFH said it would appoint a voluntary administrator. Today it said John Cregten and Andrew McKay of Corporate Finance had been appointed as administrators.

« Guarantee scheme: Who's inStrategic sale terminated on adverse credit markets »

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