Shares in AIM-listed Merchant House Group (MHG) have been temporarily suspended pending the outcome of a review into whether it has sufficient working capital.
The board of the stockbroker and investment adviser requested the suspension on Friday. A statement from the group read: "The board of MHG announces that it has requested the temporary suspension of its shares from trading on AIM pending the outcome of a review of its financial condition with a view to determining whether or not it has sufficient working capital for its present requirements." Earlier this year, Merchant Capital, the wholly-owned subsidiary of MHG, was caught up in FSA action against Pritchard Stockbrokers, which held client money on behalf of MHG's structured product ...
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