NZF flags reverse listing with unidentified business

Wed, 17 Sep 2014

By Suze Metherell Sept. 18 (BusinessDesk) - NZF Group, the financial services company, has entered into a non-binding agreement with an unidentified business for a possible reverse listing, and expects to acquire it by the end of the month. The Auckland-based finance company sought to liquidate itself earlier this year, but was blocked when a major noteholder asked for a special meeting to try and squeeze more value from the firm. Since then the board has sought to find a business to use the NZF shell for a reverse listing. The board s...

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