Blue Chip Asks For Suspension On ASX

National Business Review:

Blue Chip shares have been suspended from trading on the Australian Stock Exchange today, at the request of the company.

The suspension is ahead of an announcement by Blue Chip, which is associated with 19 companies in liquidation. None of the companies are subsidiaries, and Blue Chip’s New Zealand franchisee, Diem Ltd, and its listed Australian parent company have said they are solvent. Read more.