ICP BIOTECHNOLOGY LIMITED(BIO)

delisted following the appointment of receivers and liquidators to the company

NZPA reports that "ICP encountered many, if not all, the problems, small New Zealand exporters face. These included lack of sufficient capital, inexperienced management, an over-hyped story, the high New Zealand dollar, not learning to crawl before running, and personality clashes and egos"

finance company East Factors, a secured creditor, today appointed Grant Graham and Brendon Gibson, both of KordaMentha Chartered Accountants Auckland, as Receivers and Managers of ICP Biotechnology Limited and its subsidiaries ICP Holdings Limited, ICPbio Limited and ICP Biologicals Limited

company advises that it has appointed Gareth Hoole and Kevin Pitfield of Staples Rodway Limited, as administrators of BIO and its subsidiaries ICP Holdings Limited, ICPbio Limited, and ICP Biologicals Limited

name changed from Australasian Property Holdings Group Limited (this follows the acquisition of ICP Holdings Limited by APH - the new group is "poised to begin a new phase of profitable growth in the international Biotechnology sector" for the enlarged shareholding base)