Apple Fields Ltd is under pressure to provide its overdue interim statement.
NZX regulation said that if Apple Fields does not issue a report for the six months to March 31 by June 10 its shares will be suspended on June 11.
Apple Fields made a loss of $2.7 million in the year to September 30, 2008 when it had shareholders' funds of $662,000.
The company boldly promoted the benefits of competition in the apple growing industry but later focused on property development in the Canterbury region.
At the September balance date in the 2008 annual report the company was paying a default interest rate of 23 percent on a loan from St Laurence for its Takamatua development and a working capital loan from Southpac Property Holdings was extended until the end of 2009.
In the 2008 annual report the company was considered to be a going concern and it was stated that the directors had no intention of winding the group up.
