Asset Finance wrestles with FMA over loan disclosure

Asset Finance is determined to raise up to $46 million through a new prospectus, despite ongoing battles with the Financial Markets Authority over a loan disclosure.

In April, the market regulator blocked the Whakatane-based finance company from raising money through its latest prospectus over concerns it was not clear who was repaying the loan of a company liquidated three years ago.

Asset Finance, a personal loan and business finance company with almost $15 million of net loans on its books, was still able to lend money, however.


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