BDO has entered agreements to sell assets, but doesn’t expect the bank to recoup the full amount owing to it.
Shareholders to receive capital return of $2 a share when deal completes next year.
A turnaround for the snack apple company is now expected to take three years, rather than one.
Oceans and Fisheries Minister says he won’t be threatened or intimidated by environmental and recreational groups, nor hapū opposing his industry reforms.
If farmer shareholders do not approve the deal in October the meat processor ‘will be obligated to enter a process led by its banking syndicate’.
The Treasury says Landcorp’s failure to meet performance expectations cannot continue.
Cameras on boats, tighter catch rules... major fisheries shake-up could be 'hotly contested', Oceans and Fisheries Minister Shane Jones says.
The listed investment company considers ‘strategic options’.
Invivo said the external investment will help the company expand.
King Honey Ltd and King Honey Holdings have had receivers and liquidators appointed.