Construction giant Fletcher Building is unlikely to fail but may well be forced to sell an asset to cover its losses, an analyst says.
The company shares have gone into a trading halt on the NZX and ASX, with a warning that more losses were expected in its building and interiors unit, which would breach one or more of its banking covenants.
from Ellie NZ Rss http://www.stuff.co.nz/business/101251147/Fletcher-Building-looking-for-solutions-after-flagging-more-losses
from
https://ellieplume83.wordpress.com/2018/02/08/fletcher-building-looking-for-solutions-after-flagging-more-losses/
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