Packaging group PaperlinX is in talks with its European financiers amid fears it may have breached the terms of a loan.
PaperlinX put its shares in a trading halt on Thursday, telling investors that it was in talks to work out if there had been a breach of a banking covenant.
The news comes just weeks after PaperlinX announced a $90.8 million half year loss stemming from problems in Europe.
The result was unveiled a week after its chief executive was sacked and replaced.
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