Centro Biggest Australian Casualty of Global Credit Crunch

Five weeks after telling shareholders the US sub-prime housing crisis has not had any impact on the operation of Centro’s US portfolio, Centro Property Group is in turmoil, with its share price crashing to less than $1.30 per share – down some 77 per cent since last Thursday, when executives imposed a trading halt of trade for the $26.6 billion fund and asset manager.

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