Battered Shareholders Given More Grim News ; Property

Summary


Troubled property services group Erinaceous yesterday warned hard hit shareholders their holdings may soon be worth even less.

Share values may be significantly diluted after refinancing.

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Battered Shareholders Given More Grim News ; Property

The firm said it was identifying ways to cut debt - including a debt-for-equity swap - because it has unsustainable borrowings.

But Erinaceous said ban...

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