LONDON (Alliance News) - Hightex Group PLC Tuesday said its nominated adviser has resigned, leaving it with one month to appoint a replacement or face cancellation of its shares on London's AIM.
According to Hightex, ZAI Corporate Finance resigned as its nomad on Monday.
Nominated advisers are tasked with regulating the AIM-listed companies they represent, playing an important role in the admission of companies to AIM.
The news comes about two weeks since Hightex said the German court responsible for overseeing the insolvency process for its German operating subsidiary approved the sale of that business, bringing the so-called 'Eigenverwaltung' process to an end.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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