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White label lender Mobius has ceased to accept new mortgage applications.
“Allco has decided to discontinue new investment in this asset class and commence an orderly run-off and sale of the underlying assets of Mobius,” a statement issued by Allco Finance Group (Allco) – Mobius’ parent group – said on Friday.
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The decision comes after Allco’s announcement last week it would offload financial and infrastructure assets and concentrate on its core asset classes of aviation, shipping, rail and real estate.
Published: 03-03-08
