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Eastern Hi Fi to delist on March 31

Contributor:
Fuseworks Media
Fuseworks Media

Wellington, March 26 NZPA - Eastern Hi Fi Group Ltd, which is in receivership, will be delisted on March 31, NZX Regulation said.

NZX Regulation has been advised by the receivers that there would be a shortfall of funds available for creditors.

As there would be no funds available for distribution to shareholders, NZX Regulation said it accepted the receivers' submission that there was no benefit in the shares remaining quoted and no detriment in a delisting.

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