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Shares of Dominion Finance Holdings (DFH) have been suspended on the New Zealand sharemarket, after the company was late providing its annual report.
In mid-June, the company said it was considering a moratorium on payments to debenture holders after becoming concerned about the liquidity of subsidiaries Dominion Finance Group (DFG) and North South Finance.
At the time of that announcement the company's shares were in a trading halt, and when that halt was lifted the price slid 76 per cent to a record low.
A week ago NZX said DFH had not provided its annual report for the year to the end of March, which had been due on June 30.
NZX gave DFH until yesterday to issue the report. Today the exchange operator said DFH had still not provided the annual report, and trading in its shares would be suspended immediately.
DFH shares closed at 13.5c yesterday, having fallen from a record high of $2.86 in May 2007.
- NZPA
