RESEND: NZF's second reverse listing plan fails, board mulls return to investors

Mon, 27 Apr 2015

(Fixes timing for earlier liquidation in lead paragraph) By Suze Metherell April 28 (BusinessDesk) - NZF Group, the listed financial services company blocked from liquidating last year by its major noteholder, is mulling liquidation again, after plans to sell its listed shell for a reverse listing failed a second time. Inventory Technologies abandoned the reverse listing offer, citing commercial reasons, which would have seen NZF paying $5 million, via the issue of 20 million new shares at 25 cents apiece, to acquire 100 percent of th...

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