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Landmark White extends share-trading suspension

Michael Bleby

Landmark White on Friday extended a two-day trading halt in its shares, saying a second suspension from work by a number of lenders, and a lack of clarity about when that work would resume, had left the troubled valuer unable to assess the impact on its revenue or profitability.

The company has taken an increasingly desperate tone in responding to the second incident in which it accuses a person with access to company information posting an as-yet-unknown number of internal documents on sharing site Scribd,  and the extension suggests lenders are unconvinced by its efforts to down play the incident, which follows  one in January.

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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Based in Melbourne, Michael is on Bluesky @michaelbleby.bsky.social. Email Michael at mbleby@afr.com

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    Original URL: https://www.afr.com/property/residential/landmark-white-extends-share-trading-suspension-20190607-p51vgl