June 20, 2017 / 10:30 AM / a month ago

BRIEF-Natural Dairy (NZ) Holdings updates on provisional liquidation

1 Min Read

June 20 (Reuters) - Natural Dairy (Nz) Holdings Ltd

* Second stage of delisting expires on 21 Nov 2017 following which co will be placed into third stage of delisting, which will last for six months

* JPLS do not consider it's possible for co to satisfy stock exchange's sufficiency requirement of operations without new investments

* JPLS are currently in negotiations with two potential investors & hope to sign framework agreement with one in coming weeks

* JPLS have therefore undertaken a process of soliciting investment into company by way of a reverse takeover

* Refers to joint provisional liquidators as JPL Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below