Timberrrrr another finance company falls

Property Finance Group latest to signal trouble – 24 Aug 2007 – NZ Herald: New Zealand Business and Personal Finance News

At this rate the government won’t have to pass any laws to protect investors, all the shonky companies will be gone.

The finance company sector crisis deepened today with a firm that has loans of more than $630 million signalling it is on the brink of collapse.

Christchurch-based Property Finance Group, signalled deep trouble when the board of the NZAX-listed company suspended trading of its shares today.

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