Hotchin knew about rental situation, but didn't know all the facts

Hotchin knew about rental situation, but didn't know all the facts
Mark Hotchin gives evidence in the high court at Auckland. (Image: BusinessDesk)
Riley Kennedy
Mark Hotchin says he knew about the reduced rent situation central to a lawsuit he is pursuing, but “didn’t have all the information”.Hotchin has given his side of the story in the lawsuit against the vendor of a retail unit he bought five years ago saying they spent nearly $200,000 evicting the pool hall, the rent of which was being subsidised.He took the stand remotely from London giving evidence in the five-day trial against Premier Property Developments (PPD), which he says misled his company OHL Limited when it bought the...

More Finance

Todd Corporation: the reset
Finance

Todd Corporation: the reset

Legacy gas assets will give way to a focus on solar electricity generation.

Kiwibank won't bring banking Revolut-ion
Finance

Kiwibank won't bring banking Revolut-ion

Forget Kiwibank. Revolut is the force big banks will have to reckon with, expert says.

FMA to oversee ‘regulatory sandbox’ for fintechs
Finance

FMA to oversee ‘regulatory sandbox’ for fintechs

The initiative aims to speed up financial services innovation and regulation in NZ.

Ben Moore 12 Dec 2024
Todd Corp: what went wrong?
Finance

Todd Corp: what went wrong?

A dividend freeze as the family empire rebuilds for the future.

Pattrick Smellie 12 Dec 2024