Weird. If the company that's in trouble is Chimera Capital...

Weird.

If the company that's in trouble is Chimera Capital Limited, then either the trading halt request mispelt the name or completely got the company name wrong.

The name mentioned in the trading halt is Chimera Capital Limited. The comapany that's in trouble is Chimaera Financial Group.

Same thing?

I found this article from June 30th

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ANZ scraps Chimaera plans

June 30, 2008

The ANZ Bank has scrapped plans to invest $55 million in Chimaera Financial Group, the merchant bank thought to be at risk over margin loan losses.

"At the time the investment was announced it was subject to due diligence," said Cherelle Murphy of ANZ Bank.

Ms Murphy said the decision was made "as a result of its due diligence process'' on Chimaera but would give no further details, citing client confidentiality.

In late April, Chimaera announced ANZ would invest $55 million in it, and seek a majority stake in the boutique bank.

Chimaera, in that statement, said it would also invite ANZ to appoint a director to its board.

Chimaera said it expected the transaction to close within 30 days of the April 24 release, following due diligence and regulatory approvals.

The announcement came after market speculation that Chimaera would suffer losses from margin calls on loaned stocks that had caused the collapse of Lift Capital and Opes Prime.

The $1 billion collapse of broker Opes Prime has become a public relations distraction from the company's stated ambition to grow into a super-regional bank in Asia.

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