Geneva Finance scheme opposed by NZSA
Shareholder group says independent directors are not capable of handling negotiations on related party borrowing.
Car lender Geneva Finance is holding an extraordinary general meeting to vote on extra borrowing from its 63% shareholder.
An extraordinary general meeting to vote on related party borrowing by NZX-listed Geneva Finance has triggered concern from the NZ Shareholders’ Association, which recommends shareholders vote against the proposal.
Geneva Finance, a provider of used car loans and car insurance, is seeking
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