After a tumultuous week, Forge Group Limited
(ASX:FGE) has been removed from the Australian Securities Exchange. The bourse announced that Forge’s indice will be removed at the close of trade today at a zero price. The move comes after a week that saw ANZ pull financial support from the company and saw Forge lay off over 1300 employees from its Queensland and West Australian mining operations. Administrators KordaMentha saying ‘there is no money to pay employees and no work to perform.’ Forge will be replaced on the ASX by Nine Entertainment Co Holdings Ltd
(ASX:NEC).
