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...

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