LONDON (ShareCast) - Property services group Erinaceous plunged again after it said banks have committed to provide on-going funding to the group.

The group said it is in the “advanced stages” of a plan to achieve a solvent financial solution for the group, adding that it continues to review whether the sale of the Insurance arm is in its best interest.

"As indicated in previous announcements, the board has concluded that it is highly unlikely that any value can be attributed to the group's existing ordinary shares, regardless of whether the plan is successful or not," said the group.

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