City Pacific requests trading halt as shares plummet

The drop in share value came as investor concerns mounted around the company’s ability to repay a $240 million loan facility to the Commonwealth Bank.

The lender will need to repay an instalment of $90 million to CBA by the end of March, with the remainder of the loan to be repaid by the end of May.

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Written by Staff Reporter

Last Updated: 09 March 2022

Published: 05 March 2008