A director says the company sustained a ‘king hit’ in Cyclone Gabrielle and fought ‘tooth and nail’ but couldn’t withstand further downgrades to grower returns.
Rockit Global held more than 14% of ROLP2 General Partner Ltd and the associated limited partnership.
Another Rockit grower entity has been moved into administration by its board as shareholders reach their limits.
In late December, Rockit Orchard Ltd Partnership 2 (ROLP2) – an independent Rockit grower syndicate – and ROLP2 General Partner Ltd were placed into voluntary administration.
