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Tindall-backed e-tail site sold

Troubled Tindall-backed online shopping retailer Hubsta has been sold to one of its largest creditors.

The company that runs the New Zealand Herald’s shopping site and www.thedeal.co.nz was placed in receivership in November with debts of more than $1 million.

Receivers Gerry Rea Partners said assets worth $50,000 – comprising office equipment, computer systems and intellectual property – were bought by Buyzar on December 10.

 

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