Kerr loses control of Pyne Gould Corp
High Court ruling places 70% of PGC in the hands of receivers seeking recovery of $89m debt to BNZ.
George Kerr.
London-based Kiwi businessman George Kerr has lost control of his former NZX-listed investment company Pyne Gould Corporation after the High Court ruled most of its shares are owned by a company in receivership.
The shares secure a court-ordered debt of $89.3 million owed to BNZ, which has also been
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