Blue Star delists almost worthless bonds from NZDX to ‘protect’ sale process

Tue, 14 Aug 2012

By Jonathan Underhill Aug. 15 (BusinessDesk) - Blue Star Group’s near worthless bonds are to be delisted from the NZDX market as the printing group seeks to avoid public notification of its annual results to “protect the integrity” of efforts to sell the business. The debt will be delisted at the end of trading on Aug. 28, removing the NZX reporting requirement to release its results for the year ended June 30. Last month the Champ Private Equity-controlled company hired Goldman Sachs to advise on a sale after receiving unsolicited approaches...

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