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BRIEF-Natural Dairy (NZ) Holdings updates on provisional liquidation
June 20, 2017 / 10:30 AM / 6 months ago

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

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:

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