Stock in Homburg Invest Inc. has been suspended from trading as the restructuring real estate firm faces a delisting review by the Toronto Stock Exchange.
The TSX said Monday that the review is being conducted because the company has failed to meet the requirements for continued listing.
On Friday, Homburg Invest filed for court protection under the Companies' Creditors Arrangement Act.
The Halifax-based real estate and investment company said it wants to restructure its activities “in an orderly fashion.”
While Homburg Invest owns an interest in Homburg Canada REIT, the Canadian trust is an independent operation and is not part of the CCAA filing.
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