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P2P scrambles as ASX handbrake extends to three months

Simon Evans
Simon EvansSenior reporter

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A company which leases 2400 vehicles to taxi drivers and Uber drivers and also operates the Black & White Cabs network has asked that a voluntary suspension on the ASX be extended until July while it tries to hammer out a rescue package.

P2P Transport's shares last traded at just 4.4¢ before an initial suspension was granted on April 1. A series of extensions have been given the all-clear by the ASX, and the latest now stretches until July 1.

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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com

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    Original URL: https://www.afr.com/companies/transport/p2p-scrambles-as-asx-handbrake-extends-to-three-months-20200602-p54ykk