Multiplex fights back at speculation
Multiplex Group, whose shares plunged to a record low on Wednesday, said speculation its banks forced the sale of its stake in London's White City shopping mall project was unfounded.
Monday, May 23rd 2005, 4:00AM
by The Landlord
Selling the minority stake freed up funds to be used for other projects, the company said.
The stock has plunged 49 per cent since reaching a high of A$6.15 on February 20.
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