RIS trading suspension lifted after it lodges auditor-tagged annual report

Sun, 23 Nov 2014

By Suze Metherell Nov. 24 (BusinessDesk) - Shares of RIS Group have resumed trading after the NZAX-listed shell company lodged its overdue annual report, which has been tagged by its auditors and shows it may need to raise more funds to avoid administration. The Wellington-based company is two weeks late in filing the report, which shows its annual loss widened to $560,000 in the year ended June 30, from a loss of $514,000. It had no revenue. It is the third time since 2011 shares of RIS have been suspended for filing a late annual rep...

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