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Australia
2 mins to read

Mars Cap creditors, chasing $70m, sell Aussie licence

The sale will recoup only a tiny fraction of what is owed as legal action continues in both Australia and New Zealand.

The shuttered Mars Cap office in Kitchener Street, Auckland.

Lachlan Colquhoun Thu, 01 Feb 2024

Creditors of failed Australian investment company Probis Financial Services, which is at the centre of the labyrinth involving failed Kiwi company Mars Cap, have voted to sell the insolvent firm’s financial services licence in order to recoup some of the US$38.4 million ($70m) they are

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Lachlan Colquhoun Thu, 01 Feb 2024
Contact the Writer: lachlan@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Tags
Probis Financial Services Mars Cap Ltd High Court Cayman Islands William Kong
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Mars Cap creditors, chasing $70m, sell Aussie licence
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