Results for New Zealand
- VnC Cocktails, Makers Of Disick Drink, In Final Death Throes
New Zealand shake and pour cocktails company VnC Cocktails has gone into liquidation after failed attempts to sell it, Sharechat.co.nz reported. The company went into voluntary administration on June 30, was then tipped into receivership a few days later ...
Daily Headline - global.abi.org - 09/10/2014 - 21:46 - 0 comments
- Zip For Unsecured Postie Plus Creditors
There's no money in the pot for unsecured creditors of Postie Plus, its administrator says, NZCity reported. The nationwide clothing retailer had 650 employees and 81 stores when it it went into voluntary administration in June, and 580 kept their j ...
Daily Headline - global.abi.org - 09/07/2014 - 21:38 - 0 comments
- Buyer Found For Troubled NZ Retailer Postie Plus
The administrators of troubled New Zealand clothing retailer Postie Plus Group Ltd said on Wednesday they have found a likely buyer for the company. The struggling company called in administrators from PricewaterhouseCoopers on Tuesday after its bank ref ...
Daily Headline - global.abi.org - 06/05/2014 - 00:08 - 0 comments
- Postie Plus In Administration After Bank Pulls Support
Postie Plus, the worst performing stock on the New Zealand stock market, has appointed administrators after its lenders withdrew support as the company continued to make ongoing losses, The New Zealand Herald reported. The Auckland-based retailer app ...
Daily Headline - global.abi.org - 06/02/2014 - 21:44 - 0 comments
- Housing Estate Developer In Receivership
A company developing one of New Zealand's biggest, most intensive affordable housing estates has been put in receivership. More than 420 apartments and townhouses are planned for the Springpark estate on a 10.5ha site in Auckland's Mt Wellingto ...
Daily Headline - global.abi.org - 05/01/2014 - 21:59 - 0 comments
- Dunedin Sawmill In Receivership
A sawmill company with about 400 employees and about $100 million in annual sales has been placed in receivership, Stuff.co.nz reported. Brendan Gibson and Michael Stiassny, of KordaMentha, were this afternoon appointed as receivers of Dunedin-headquarte ...
Daily Headline - global.abi.org - 03/03/2014 - 22:47 - 0 comments
- Lombard Case Dropped - $10 Million Settlement Reached
The Financial Markets Authority has dropped civil proceedings against four Lombard directors as the failed finance company's receivers have reached a $10 million settlement with the men, their insurers and an unnamed "third party", The N ...
Daily Headline - global.abi.org - 02/23/2014 - 23:20 - 0 comments
- Ross Asset Liquidators Look To Claw Back $3.8 Million Paid Out To Three Investors
The liquidators for the Ross Asset Management group of companies found to be a Ponzi scheme are in talks with three former investors over about $3.8 million of payments they received in the two years leading up to the group's eventual collapse last ...
Daily Headline - global.abi.org - 12/19/2013 - 23:33 - 0 comments
- Jasons Travel In Receivership
NZAX-listed tourism marketing company Jasons Travel Media has suspended trading after being placed in receivership and breaching stock exchange listing rules, The Dominion Post reported. The company, which distributes travel information in print and ...
Daily Headline - global.abi.org - 12/02/2013 - 01:21 - 0 comments
- English Tackles LVR Critics
A fall in the number of first-home buyers in the housing market is an issue in Australia as well, which suggests rising prices are to blame, rather than the Reserve Bank's mortgage restrictions, says Finance Minister Bill English, The New Zealand ...
Daily Headline - global.abi.org - 11/19/2013 - 00:22 - 0 comments