VTL threatened with NZX suspension

NZX is threatening to suspend VTL Group from trading for failing to issue its preliminary half year announcements.

VTL Group is the parent company of failed Nathans Finance which went into receivership last August, owing $166 million to investors.

VTL shares were last traded on April 29 at 2c from being as high as $1.05 last July.

NZX said the company was required to file the announcement by April 30 but had not.

Unless this was done within five business days, trading would be suspended from next Thursday.

It was previously suspended last November until February for a similar failure.

- NZPA