KEY POINTS:
The New Zealand stock exchange has placed a trading halt on securities of PINs Securities NZ Ltd (PNZ).
The trading halt would remain in place until the earlier of the start of trading on Friday, or such time as PNZ updated the market on the implications of certain companies in the Absolute Capital Group being placed into voluntary administration, NZX said.
Absolute Capital, the investment manager of PNZ's debt securities, is a subsidiary of Australian-based Absolute Capital Group.
- NZPA
