ROK leaders for administration, is 5,000 jobs building at risk
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In a brief statement on the stock exchange, Rok, which is a $ 450 million to ￡ in 2007, said that he asked the Financial Services Authority to suspend the negotiation of shares in advance of an administration. An announce - ment pleased should soon.
Rok problems began in August when he suspended his Finance Director found "serious breach" in his plumbing standards.the company financial reports ' warning annihilated more than half of the value of the company.
However, in August, Rok lifted the suspension "immediately and without reservation".
She said that a review of the company concluded that division problems are "due at a scale of outsourcing work in the private housing sector and a combination of weak operational, commercial and financial in this part of the company controls".
Earlier this year rival Rok Connaught came into administration due to its 215 m bank lenders ￡ after saying he had been hit by a sudden decrease in spending by several local authorities before State budget cuts.
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