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Celebrating 20 Years in Business

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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
OFX Transferring Money Internationally to Free

NZX Announcements (courtesy of NZX)

 

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