deListed New Zealand
25
YEARS 2001–2026

Celebrating 25 Years in Business

Thank you for being part of our development since September 2001. With your ongoing support, we look forward to many exciting years ahead.

PROPERTYFINANCE GROUP LIMITED (PFG)

Delisted NZX 21/07/2010

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delisted from the NZAX - shareholders passed a special resolution to place PFG into liquidation. As a result of the liquidation, the liquidator of PFG requested that PFG be delisted from the NZAX - which occurred on 21 July 2010

21/07/2010

the receivers of Propertyfinance Securities have been retired following a restructure of the finance company (Propertyfinance Securities is the principal subsidiary of Propertyfinance Group)

08/02/2008

securities reinstated to quotation

26/09/2007

notwithstanding the merits of a restructure plan proposed by the Company to the Trustee, the opinion of the Trustee is that the appointment of a Receiver is in the best interests of the debenture holders - the Board remains comfortable that the underlying quality of the Company's assets should enable all debenture holders to be repaid in full - but what about all the other stakeholders??

29/08/2007

company says the fundamental problem the Company has encountered is a timing mismatch between the Company's assets and liabilities - the Board will update the market on the proposed restructure and necessary approvals as soon as these are to hand

27/08/2007

securities suspended from quotation amid concerns about the Company's ability to manage its current liquidity position

24/08/2007

name changed from Avon Investments Limited

03/07/2006

NZX Announcements (courtesy of NZX)

 

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