The Toronto Stock Exchange has suspended trading in shares for plastic lumber producer Dura Products International Inc.
The exchange is examining whether the company is complying with TSX rules, an exchange spokesman confirmed. Dura announced a temporary halt in its stock trading Oct. 16.
``After current management came on board, we became aware of certain business practices that were taking place which were jeopardizing the company's ability to continue operating as a going concern,'' Frank Guido, Dura president and chief executive officer, said a news release.
Dura replaced senior management and on Aug. 30 elected a new board comprising Guido, John Perrotta and Scott McDougall.