article from businessspectator

Not sure what "The group is expected to announce another loan extension." means this time.

See article below.


Centro in trading halt

Centro Properties Group and Centro Retail Group are in trading halts this morning, pending an announcement to the Australian Securities Exchange.

The group is expected to announce another loan extension.

Shares in Centro Properties Group were last trading at 38 cents, while Centro Retail Group shares closed yesterday at 42 cents.

The debt-ridden firm has been crippled ever since it announced in December last year that it was struggling to repay debt on its property portfolio spanning Australia, New Zealand and the US. Before the announcement, Centro Properties Group shares were trading just below $6.

Slater & Gordon launched a class action against Centro Properties Group and Centro Retail Group earlier this week on behalf of disgruntled shareholders earlier this week. It's the second class action Centro has been served in less than a month.

Listed litigation funder IMF Australia Ltd filed another shareholder class action against Centro with a claim for at least $100 million on May 9.