The dumping of the PrimeAg Australia Limited
(ASX:PAG) board has been put on hold, for now.
Australian Food & Fibre chairman David Robinson has delayed the push, according to a report by the Australian Financial Review.
AFF has a 10.3 per cent stake in PrimeAg. Mr Robinson is also encouraging retail shareholders to take up their entitlements in its controversial $125 million raising.
AFF relinquished a request to hold a shareholder meeting to vote out the board and have Mr Robinson manage the company.
In the half year to December 31, 2010, PrimeAg reported a net loss of $5 million.
