ManukaMed's Denis Watson fails in appeal over property deal

ManukaMed's Denis Watson fails in appeal over property deal
Denis Watson tried to buy at 1 Edwin Feist Place, Masterton. (Image: Supplied)
Riley Kennedy
ManukaMed owner Denis Watson has failed in his attempt to appeal a high court ruling over a property settlement he didn't comply with.The proceedings came about after Watson put in an offer to buy a property for $1.7 million in November 2019 from Masterton Investments Ltd (MIL) – a company owned by Rohan and Simon Salisbury. The pair, who live in Australia, put the property at 1 Edwin Feist Place on the market a few months earlier with their company’s operations moving away from the Wairarapa town.Watson owned and ran...

More Finance

Todd Corp: what went wrong?
Finance

Todd Corp: what went wrong?

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

BNZ defends profit as essential to attract capital
Finance

BNZ defends profit as essential to attract capital

The last major bank, BNZ, has fronted up to Parliament.

RBA’s policy shift brings February cut into focus
Finance

RBA’s policy shift brings February cut into focus

The central bank’s assessment reflected growing confidence that inflation is being tamed.

Todd suspends dividends, resets strategy
Finance

Todd suspends dividends, resets strategy

The family empire has also called time on offshore mega-projects.

Pattrick Smellie 11 Dec 2024