"Centro Properties fears collapse" Friday November 28, 2008,...

"Centro Properties fears collapse"

Friday November 28, 2008, 11:30 am




Shopping centre owner Centro Properties Group has warned it may fall victim to the subprime crisis.

The company has told investors at its annual general meeting in Melbourne that it could go into receivership if its lenders do not extend billions of dollars in loans due next month.

Its shares have fallen by 9 per cent to 7 cents.


http://au.biz.yahoo.com/081128/31/22c4a.html