Embattled real estate agency McGrath will release a statement by Monday addressing recent media speculation about incoming executive chairman and founder John McGrath.
The company requested a trading halt on Thursday morning, after delaying a conference call with media and analysts to discuss its half-year results.
It earlier reported a half-year loss of $25.5 million, which includes a $21.8 million goodwill impairment of company-owned sales.
”The reason for the trading halt is a pending announcement regarding recent media comment in relation to Mr McGrath,” the company said.
“The event that will end the trading halt is the company issu…
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