Pursuits
Billabong Halts Shares Awaiting Refinancing, Asset Sales
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Billabong International Ltd., the surfwear company that’s lost 76 percent of its market value over the past year, halted trading of its shares citing developments in refinancing and asset-sale plans.
The Australian retailer will keep the shares suspended until the start of trade on July 18, unless it makes another statement before then, the company said in a regulatory statement today.