Insured Group to delist from NZX

Insured Group, the Australian insurer which used Lombard Group for a backdoor listing on the NZX, is now looking to delist as it seeks to raise capital in Australia.

The company plans to raise A$2.25 million ($2.8 million) through a listing on the ASX, which it says it needs to ensure its ability to continue trading.

If successful it would quit the NZX, it said in a notice for a special meeting.

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