Results for New Zealand
- Starplus Homes In Receivership
Waikato and Auckland house builder Starplus Homes is in receivership, a move guaranteed to raise the fears of dozens of creditors believed to be owed about $25 million, the Waikato Times reported. Westpac Bank appointed Corporate Finance's Andre ...
Daily Headline - global.abi.org - 04/24/2013 - 21:05 - 0 comments
- South Canterbury Finance Receivership Winding Up
The receivers for South Canterbury Finance have nearly finished their work and say they have recovered more than $770 million of the $1.58 billion the company owed, Radio New Zealand reported. South Canterbury Finance was placed in receivership in August ...
Daily Headline - global.abi.org - 03/25/2013 - 23:44 - 0 comments
- Smear Campaign Blamed For Voluntary Administration
Voluntary administrators have been called in by the Australian fund manager in charge of a giant mortgage fund frozen since 2009 with the savings of many New Zealand investors trapped in it, Stuff.co.nz reported. The directors of LM Investment Management ...
Daily Headline - global.abi.org - 03/20/2013 - 06:38 - 0 comments
- Most Mainzeal Sites Now Back With Clients
Most sites being worked on by Mainzeal prior to its collapse last month have now been handed back to their clients, according to receiver PricewaterhouseCoopers, The New Zealand Herald reported. Hope remains that the collapsed company's subcontr ...
Daily Headline - global.abi.org - 03/13/2013 - 21:59 - 0 comments
- KKR, Allegro Put Geon into Receivership… Then Offer to Buy It
Debtholders of Australian and New Zealand print and logistics provider Geon Group — KKR & Co. and Australia’s Allegro Funds — have placed the company into administration and subsequently made an offer to buy the business out of receivership, accordin ...
Daily Headline - global.abi.org - 02/21/2013 - 22:59 - 0 comments
- Dominion Finance Trial Begins Today
The Serious Fraud Office trial of three men associated with the collapsed firm Dominion Finance is due to begin in Auckland this morning, The New Zealand Herald reported. Dominion Finance Group and North South Finance were operating subsidiaries of t ...
Daily Headline - global.abi.org - 02/10/2013 - 22:43 - 0 comments
- Mainzeal Receivership Threatening Other Businesses
A group representing contractors predicts some businesses will not survive Mainzeal Construction going into receivership, Radio New Zealand reported. The future of Mainzeal is unclear after the company was put in receivership on Wednesday, jeopardising t ...
Daily Headline - global.abi.org - 02/06/2013 - 23:08 - 0 comments
- Organic Food Firm Pitango In Receivership
Auckland-based organic food company Pitango has been placed into receivership along with its Australian parent company, which is understood to owe millions of dollars to its creditors, Stuff.co.nz reported. Pitango, with around 25 staff, makes a range of ...
Daily Headline - global.abi.org - 12/04/2012 - 00:00 - 0 comments
- Shanghai Pengxin Takes Possession Of Crafar Farms
The Crafar family farms put into receivership three years ago are now legally in the hands of their new Chinese owner, Radio New Zealand reported. The Shanghai Pengxin group had to overcome legal challenges from New Zealand farming and Maori interests bu ...
Daily Headline - global.abi.org - 12/02/2012 - 22:49 - 0 comments
- N.Z. Jobless Rate Surges to 13-Year High
fell by 0.4 percent, or 8,000 jobs, from the second quarter, when it dropped 0.1 percent. Economists expected job growth of 0.3 percent. Falling employment adds to signs of slower economic growth in the ...
Daily Headline - global.abi.org - 11/07/2012 - 22:09 - 0 comments