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The Fairpoint Group, which suspended trading in its AIM shares last week after uncertainty over future funding, has received good news.
The deal includes up to £5m of working capital for Fairpoint's subsidiary, Simpson Millar. Fairpoint, based in Adlington, had revealed last week that it had suspended trading in its shares after its bank AIB, had withdrawn its finance. Fairpoint, in turn, was unable to complete and file its annual returns before the 30 June deadline, leading to its halt in AIM trading.
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