Auckland’s KMJB Harris had been in dispute with another insolvent firm, Teak Construction, before its collapse.
The crowdfunding platform sees a new opportunity.
Beijing Holdings BAIC paid $18.6m for a 9% stake.
Almost all staff are going to be laid off as the company doesn’t expect any international tourists next summer.
Covid-19’s preliminary impacts and continued dry weather behind $10m drop.
Launch of New Zealand service delayed over ‘potentially misleading statements.’
Metlife will hire a QC, just in case big guns are needed.
Industry figures say extending a temporary Covid-19 measure could help.
Some claiming government support despite standing to gain from lockdown.
Chair Anna Rawlings worries lockdown initiatives could warp competition in the long-term.