Investor tips Sky Stone Group company into liquidation

Investor tips Sky Stone Group company into liquidation
The Sunnynook Central development in Totara Vale is close to being finished. (Image: Trade Me)
Riley Kennedy
A Sky Stone Group investor who tipped $1 million in to help with a development went to court to get one of its companies put in liquidation.In February, following an application from Xiuzhi Liu, the high court at Auckland put Sky Stone Sunnynook Central into liquidation.Originally, the Official Assignee was appointed. However, it resigned on March 14 with Chris McCullagh and Stephen Lawrence appointed in its place.The group The Sky Stone Group was doing multiple developments across Auckland.Earlier this month, BusinessDesk reported that it...

More Finance

December interest rate cut uncertain: Fed governor
Finance

December interest rate cut uncertain: Fed governor

Lisa Cook says the timing of further reductions will depend on new data.

Bayly to banks: ‘Just get on with it’
Finance

Bayly to banks: ‘Just get on with it’

Minister Andrew Bayly is impatient for the changes needed to improve competition.

Ben Moore 20 Nov 2024
‘Regulatory failure’ let NZ’s payments fall behind
Finance

‘Regulatory failure’ let NZ’s payments fall behind

NZ was the All Blacks of payments, but now barely makes regionals as regulation lagged.

Ben Moore 19 Nov 2024
RBNZ targeted for uncompetitive banking
Finance

RBNZ targeted for uncompetitive banking

Onerous regulation may be making banking uncompetitive, submitters argued.

Pattrick Smellie 14 Nov 2024