Suspended CBL warns capital raising will need 'a number of weeks'

Sun, 11 Feb 2018

By Paul McBeth Feb. 12 (BusinessDesk) - Insurer CBL Corp says it hasn't worked out how much capital it needs to raise to satisfy regulatory solvency concerns and may take "a number of weeks" to finalise any transaction. The Auckland-based credit surety and financial insurance risk firm's stock has been suspended from trading on the NZX as the stock market operator tries to work out whether it's kept the market informed of material information and met continuous disclosure obligations. Trading in the stock was halted before the suspension...

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