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MONTREAL, Sept. 4, 2012 /CNW Telbec/ - Homburg Invest Inc. (NYSE Euronext Amsterdam: HII) ("Homburg Invest" or the "Company") announced today that NSYE Euronext has honoured the request from Homburg Invest Inc. to extend the listing of the Company on Euronext Amsterdam for a period of six months.
As a result of the filing for the Canadian Companies' Creditors Arrangement Act (CCAA) in September 2011, NYSE Euronext reclassified the HII stock to a high risk trading group in accordance with the Euronext Rulebook. The Euronext Rulebook also provides for automatic delisting within a year from the start of the CCAA, unless there is sufficient evidence that the restructuring is being properly conducted and is expected to be effectuated within six months. This six-month period can be extended by a second term of maximum six months. Homburg Invest has succeeded in obtaining a first extension of six months owing to the prospects of a successful restructuring.
About Homburg Invest
Homburg Invest Inc. owns a diversified portfolio of commercial real estate including office, retail, industrial and development properties throughout Canada, Europe and the United States.
SOURCE: HOMBURG INVEST
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