While National Property Trust has stressed in all shareholder communication recently that the receivership of its ultimate parent company St Laurence will have no effects, one small change has been enforced.Because the company that audits National Propert
While National Property Trust has stressed in all shareholder communication recently that the receivership of its ultimate parent company St Laurence will have no effects, one small change has been enforced.
Because the company that audits National Property Trust, Deloitte, was also acting as the receivers for St Laurence, Grant Thornton has been appointed auditors in its place.
“Grant Thornton has accepted appointment as the new auditor and will complete the audit of the financial statements to 31 March 2010 with Deloitte’s full support and co-operation,” National Property Trust general manager John Crone said.
“The change of auditors is expected to have minimal impact on the Trust or the unit holders.”
Its shares were trading at 49 cents each at press time.
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