FHL SHARE TRADING MAY BE SUSPENDED

WFC investment and finance pundits say the raiding of FHL office today will definitely result in the suspension of any FHL share trading on the South Pacific Stock Exchange.

“It is universal practice that any listed company that is subjected to an extraordinary investigation be suspended so that it does not compromise the integrity of the stock exchange it is listed on,” said an observer.

“The Capital Market Development Authority and South Pacific Stock Exchange will have to suspend FHL until they ascertain for certain what the FICAC investigation is all about.”

The FHL share price had plummeted from an all time high of about $4.10 to around $3.50 as of last week.

The suspension of FHL from the SPSE board can be disastrous to its future share value as people will lose confidence in buying shares that has been literally “usurped”.

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