RFG requests ASX trading halt
The Retail Food Group has entered into an Australian Securities Exchange trading halt.
The food company was not ready to release its first half 2018 financial year results by the required deadline and so has instead halted trade on the ASX.
It is understood RFG was not able to make the deadline as it faced delays in having its accounts audited.
RFG can start trading on the ASX again Thursday 1 March 2018 if it lodges its results.
The trading halt comes after a tough few months for RFG after a media investigation claimed RFG was not sufficiently supporting its franchise partners.
The media report made a number of claims including that RFG franchise partners have felt forced to sell their stores at large discounts and have been underpaying employees to help make ends meet.
RFG holds franchising rights to a number of quick service food providers in Australia including Gloria Jean’s Coffee, Donut King, Pizza Capers and Crust Pizza.
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