Nine call a halt to stop contagion
At least nine companies halted trading in their shares yesterday to avert a share price rout, as the blow-up of Melbourne-based stock lender Opes Prime continued to reverberate across Australia's boardrooms.
Directors yesterday expressed mounting frustration at the lack of information emerging from Opes Prime, which collapsed into administration last week with debts of up to $200 million, against just $70 million in security put up by clients.
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