Austock to clarify fund status
Austock Funds Management has extended the voluntary suspension of Api Fund securities on the Australian Securities Exchange.
Austock sought the voluntary suspension for the Api Fund late last month as a result of continuing discussions on the terms of a number of possible transactions involving the Api Fund and the Australian Social Infrastructure Fund, including discussions with bankers regarding the funds under the terms of their respective facility agreements.
Austock said significant progress had been made and it was expected that matters would be finalised shortly, with an announcement to be made before the beginning of trading tomorrow.
AUTHOR
Mike Taylor
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