Dominion Finance Administrators Calls Moratorium

Published: Fri 28 Nov 2008 03:27 PM
Dominion Finance Administrators Call Moratorium Meeting
Nov. 28 – The voluntary administrators of Dominion Finance Holdings Ltd., whose shares last traded in October at 1 cent, said its North South Finance unit will seek stockholder approval for a moratorium next week.
To eke out more time for the arrangements, the administrators gained a High Court order extending the time for the watershed meeting of DFH creditors, which is now likely to be convened in the new year.
DFH is essentially a shell with limited cash available, with one of its operating units in receivership and the other, North South, negotiating a moratorium on payments to investors.

Next in Comment

Science, Scientists, And Scientism
By: Keith Rankin
Dunne Speaks: Can ACT's Dream Run Continue?
By: Peter Dunne
Basic Universal Income And Economic Rights
By: Keith Rankin
Gasbagging In Glasgow: COP26 And Phasing Down Coal
By: Binoy Kampmark
Why Julian Assange’s Inhumane Prosecution Imperils Justice For Us All
By: Globetrotter
Dunne Speaks: Labour's High Water Mark
By: Peter Dunne
View as: DESKTOP | MOBILE © Scoop Media