Brookfield Multiplex NZ liquidators say $8.5M payment to parent made while insolvent

Thu, 04 Jul 2013

July 4 (BusinessDesk) – The liquidators of Brookfield Multiplex Constructions (NZ) say it made an $8.5 million payment to its parent while insolvent and they’re mulling options to recover the distribution Australian engineering and construction contractor Brookfield Multiplex put its New Zealand unit, whose projects included the Sylvia Park Shopping Centre and the Pegasus Town development, in liquidation in December citing a lack of new work in a tough market. Liquidators Anthony McCullagh and Stephen Lawrence of PKF Corporate Recovery & Ins...

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