Debt-laden property group triggers major asset sale and seeks to delist its shares
Shareholders in waterfront regeneration group Sutton Harbour are to vote on delisting the business from the London Stock Exchange as the firm embarks on a major sell-off of its property holdings to slash debts.
The Plymouth-based group, which owns and operates the city’s historic Sutton Harbour Marina and Plymouth Fisheries – one of England’s top three fish markets – has struggled over recent years to meet its debt repayments.
Now, following a major strategic review of its property portfolio and financial position, it is... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
