ANZ National owed $4.1 mln by 4RF, others creditors to be confirmed

Tue, 12 Jun 2012

By Hannah Lynch June 13 (BusinessDesk) - 4RF Communications, which sells microwave radio products worldwide, owes ANZ National $4.1 million, while other creditors are yet to be confirmed, according to receiver PwC. Wellington-based 4RF was placed into receivership in April after it failed to reach agreement on restructuring some $5.5 million of convertible notes. Its operating business was placed in a separate vehicle to allow it to continue operating while the merits of a full sale of the business or capital raising are considered. "The bal...

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