Chow-backed Inno Capital buys AFS Total Fire Protection out of receivership

Thu, 15 Dec 2016

By Sophie Boot Dec. 16 (BusinessDesk) - Inno Capital, the investment vehicle part-owned by Wellington property developers the Chow brothers, has bought fire services company AFS Total Fire Protection out of receivership, and says it wants turn the company around as it did Stonewood Homes. The company reached an agreement with receivers Damien Grant and Steven Khov to acquire AFS's assets for an undisclosed sum after the Inland Revenue Department said it would seek to liquidate the company. Inno bought AFS's bank debt earlier in the year b...

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