Ann: Conditional Agreement to sell PRFGs Motor Ve, page-2

re: Ann: Conditional Agreement to sell PRFGs ... So a new twist for Keybridge, will have to work out if good or not. I also spotted the following:

CBA withholds consent to Motor Finance Wizard
04 July 2013 7:20am
Commonwealth Bank has withheld its consent for the proposed sale of PR Finance Group to Keybridge Capital, a deal needed to avoid a default on the part of the consumer financier.

Keybridge proposes to buy PRFG via a scheme of arrangement that is designed to protect its interest in a mezzanine loan.

PRFG will hold a second shareholders' meeting to vote on the scheme next month; this is after ASIC persuaded the Federal Court that shareholders lacked up-to-date financial data at the first scheme meeting.

http://www.bankingday.com/nl06_news_selected.php?act=2&stream=1&selkey=15060&hlc=2&hlw=