Great Southern on brink of announcement
Agribusiness managed investment scheme (MIS) specialist Great Southern has sought a further suspension of its shares on the Australian Securities Exchange (ASX).
The company today flagged to the ASX that it required its shares to be suspended from trading until at least next Monday (May 18).
It said it had sought the suspension pending announcement of arrangements affecting its MIS sales program.
The group, the largest MIS scheme specialist company in Australia, went into a trading halt late last week, at which time its shares were trading at 12 cents.
In its statement to the ASX today, the company said it had sought the suspension pending the release of an announcement regarding its MIS sales program and working capital requirements.
AUTHOR
Mike Taylor
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