Malcolm Burns 'hopeful' new investor will help clear debt

Malcolm Burns 'hopeful' new investor will help clear debt
Malcolm Burns told the court he had been trying to restructure his business activities. (Image: LinkedIn)
Riley Kennedy
Dunedin businessman Malcolm Burns has told the high court he should have a new investor in place by December to help clear the more than $1 million he owes to his financier.But the liquidators of Burns Group (2018) – his holding company – have reported that it owes much more than first thought.Late last year and into this year, Otago Excavation and the holding company collapsed after a string of liquidation attempts.Otago Excavation had receivers, BDO’s Colin Gower and Diana Matchett, appointed to it by PFNZ, otherwise known a...

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