Shares in Property Finance Group, whose finance company subsidiary came out of receivership in February, were suspended from trade late yesterday pending the release of the company's March-year results next week.
Property Finance Securities was placed in receivership in August last year after its mortgage securitisation programme was
derailed by the credit crunch.
Payments of principal and interest to 4000 debenture investors, owed more than $83 million, recommenced in February after the company arranged a capital injection via new shares and the receivers were retired.
PFG has $630 million worth of mortgage-backed securities on issue which were independently managed by trusts and were unaffected by the receivership.
PFG's NZAX-listed shares last changed hands for 30c.
