The company, which was once worth more than US$4b, earlier this month announced a deal to sell its assets for US$39m.
Plus: Media commentator questions whether Spark wants TV3.
Liquidators sought approval to pay out $1.6m from CBL Singapore subsidiary. They didn’t get it.
Consultation is now under way with staff.
New FMA report: Bank staff sales incentives must be scrapped.
Fishing company reports fatality aboard deep sea freezer trawler.
Shares fell 2c to 28c following the announcement.
Consumers need to be sent the right signals.
How the Department of Conservation handles corporate sponsorship.
More details emerge on the failed insurer’s South American entanglement.