Allied Farmers to stump up more capital for finance subsidiary
Embattled NZX-listed company Allied Farmers is likely to have to extend extra capital to subsidiary Allied Nationwide Finance to cover further losses on impaired loans and looming changes to capital adequacy rules.Allied, which has its own term debt of $1
Duncan Bridgeman Mon, 14 Jun 2010
Embattled NZX-listed company Allied Farmers is likely to have to extend extra capital to subsidiary Allied Nationwide Finance to cover further losses on impaired loans and looming changes to capital adequacy rules.
Allied, which has its own term debt of $19 million due to expire next month, said
