Another Finance Company Collapses

Stuff

The Stock Exchange has suspended trading in VTL Group Limited shares, as its finance company has collapsed.

VTL Group, the parent company of Nathans Finance, has told the stock exchange it is insolvent.

The Securities Commission is investigating.

VTL directors were to meet the Companies Office today, the stock exchange said in a statement.

“NZXR will be seeking further information from the company to be released to the market,” the exchange said.

Nathans Finance NZ Limited is a wholly-owned subsidiary of VTL.

Read More