THE owner of the Malmaison and Hotel du Vin brands had its shares formally suspended from the London Stock Exchange yesterday.
MWB Group Holdings said it was unable to publish accounts for the 12 months to June 30, 2012, due to an issue with its 75%-owned subsidiary MWB Business Exchange (BX).
The two are in talks over an £8 million loan to MWB which is now repayable. Also forming part of the talks are payments of £4.8m which BX, a serviced office provider, is due to pay MWB between September and next February.
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