Domacom, the ASX-listed platform that allows investors to buy fractional stakes in property, says the trustee of its flagship fund has suspended it from raising new money and from facilitating any secondary market transactions.
MSC Trustees has temporarily suspended the product disclosure statement relied on to raise about $200 million, Domacom said in a statement to the exchange on Monday.
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correction —
This story has been updated to clarify that ASR Wealth marketed, but did not run, the funds on DomaCom’s behalf.
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
