CMA halts trading of shares on ASX

Aug 01, 2013 | 05:28 PM | Sean Davidson

Tags  CMA Corp. Ltd., Australian Securities Exchange, suspension of trading, recycling group, asset sale, Parag-Johannes Bhatt, Stemcor Australia Pty Ltd., Scholtz US CMA USA Corp.

NEW YORK — Australian recycling group CMA Corp. Ltd. has filed for a voluntary suspension in the trading of its shares listed on the Australian Securities Exchange.

The Perth, Australia-based company owns a facility in Chicago along with 19 other facilities in Australia and Asia.

In a statement released Aug. 1, CMA chairman Parag-Johannes Bhatt said the company’s inability to pay Stemcor Australia Pty Ltd. interest amounting to about $2 million by July 31 had forced it to request the suspension.....

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