'Handful' of buyers lining up for Mainzeal, says receiver

Mon, 11 Feb 2013

By Pattrick Smellie Feb. 11 (BusinessDesk) - Receivers for collapsed construction firm Mainzeal Property and Construction say they are entertaining approaches from "a handful" of would-be buyers for either the whole firm or individual projects within it. PwC receiver Colin McCloy told BusinessDesk that around 200 staff have been made redundant to stem operating cash flows as they move as quickly as possible to a rescue package for the firm, which is understood to have failed because its shareholder, Richard Yan of Richina Group, didn’t make a...

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