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)

Thu, 05 Oct 2023

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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