Action to remove Happy Valley as registered entity to begin

Action to remove Happy Valley as registered entity to begin
The site of its planned factory in Otorohanga. (Image: Happy Valley Nutrition)
Riley Kennedy
Action to remove wannabe milk processor Happy Valley Nutrition as a registered entity will begin after its chair quit as a director, leaving no one on the board.On Friday, its now-former chair, Kevin Bush, resigned as a director of the Australian securities exchange-listed (ASX) company, which has been in administration since July.Happy Valley was planning to build a dairy factory in the Waikato town of Ōtorohanga but essentially ran out of capital.McGarthNicol’s Andrew Grenfell and Kare Johnstone initially recommended tipping it into liq...

More Finance

Wow. It’s all basketball!
Finance

Wow. It’s all basketball!

US investment in basketball is lapping at our shores in more ways than one.

FMA files criminal charges against David McEwen
Finance

FMA files criminal charges against David McEwen

New Zealand’s financial watchdog has filed criminal charges against former financial adviser David McEwen for allegedly failing to comply with a stop order, which prevented him from contacting potential investors.The Financial Markets Authority (FMA) had made a permanent stop ord...

Staff reporters 18 Mar 2025
FNZ employee shareholders revolt over latest capital raise
Finance Exclusive

FNZ employee shareholders revolt over latest capital raise

Long-standing employees believe new raise halves their holdings.

Victoria Young 14 Mar 2025
Washington plans to open private funds to more investors
Finance

Washington plans to open private funds to more investors

 Momentum builds to change rules blocking most Americans from investing in private equity.