Receivers for Matarangi Beach Estates continue to trade the company’s golf course and restaurant but the outlook is uncertain for Allied Farmers, owed approximately $20 million.
Allied Farmers acquired the Matarangi assets as part of a debt for equity swap deal with Hanover Finance just over
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Duncan Bridgeman
Wed, 19 Jan 2011
Wed, 19 Jan 2011
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Matarangi trades on, Allied Farmers debts revealed
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