One of Australia’s largest publically listed construction companies RCR Tomlinson has collapsed just a few months after raising over $100 million from investors, with the company blaming an inability to secure additional funding as the reason for the business’ collapse.
The business was placed into a trading halt on November 12, and the business was suspended from official quotation two days later at the request of the directors. A week on from that announcement, the company’s suspension was extended and it revealed a class action had been filed against it by shareholders.
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