Administrators recommend liquidation for Happy Valley

Administrators recommend liquidation for Happy Valley
The site of its planned factory. (Image: Happy Valley Nutrition)
Riley Kennedy
The administrators of Happy Valley Nutrition have called its creditors together and are recommending they tip the wannabe milk processor into liquidation.But there appears to be interest in continuing the project to build a milk factory in Waikato with McGrathNicol’s Andrew Grenfell and Kare Johnstone noting in their report ahead of that vote next week that they’ve recently received two expressions of interest to potentially recapitalise the business.There is no Deed of Company Arrangement (DOCA) proposed so far, but the p...

More Finance

ANZ admits 'unacceptable failure' as bond probe continues
Finance

ANZ admits 'unacceptable failure' as bond probe continues

Regulator is investigating the bank over its bond turnover data.

AAP 25 Jul 2024
ComCom will try to bring down PayWave, credit card surcharges
Finance

ComCom will try to bring down PayWave, credit card surcharges

Card industry tried to regulate itself, Govt has tried, now it is ComCom's turn.

Staff reporters 23 Jul 2024
Massive cyber outage cripples banks and other organisations worldwide
Finance

Massive cyber outage cripples banks and other organisations worldwide

A major cybersecurity outage has taken out computer-reliant services

Dileepa Fonseka 19 Jul 2024