Happy Valley Nutrition's debt ticks up as administrators put DoCA in place

The site of its planned factory. (Image: Happy Valley Nutrition)

Thu, 19 Oct 2023

The interest bill on Happy Valley Nutrition’s debt appears to be quickly ticking up as the administrators turn their attention to avoiding a liquidation of the would-be milk processor.McGrathNicol’s Andrew Grenfell and Kare Johnstone were appointed administration of the Australian stock exchange-listed company, which was planning to build a dairy factory in the Waikato town of Otorohanga but ran out of capital to progress it.Ahead of the first creditor meeting, the pair had recommended it be tipped into liquidation with a no Deed of...

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