There is an article in the afr, today on bnd. Points to high costs of acquiring neighboring land as the final straw.
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PPB Advisory partner Grant Sparks said he was seeking buyers for all or part of the business, and was also looking at restructure or recapitalisation. The first meeting of creditors is set down for October 2.
BND Price at posting:
8.4¢ Sentiment: Hold Disclosure: Held