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China Daily | Updated: 2008-12-30 07:56
Macquarie stock dives
Macquarie Office Trust, Australia's biggest office property trust by assets, plunged in Sydney trading as it negotiates to refinance a $74.5 million loan.
Macquarie Office shares fell 12 percent to 29 Australian cents at the close of trading yesterday on the Australian stock exchange, extending their loss this year to almost 80 percent, after the company said banks agreed to extend the existing facility to March 1, 2009.
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