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

Appetite suppressant craves capital
Finance

Appetite suppressant craves capital

Calocurb's cap raise is for a supplement developed by Plant & Food Research.

Officials MIA on banking competition, say critics
Finance

Officials MIA on banking competition, say critics

Over-regulation of the banking sector is blamed for stifling competition.

Pattrick Smellie 20 Feb 2025
Heartland declares $49.6m impairment in NZ business
Finance

Heartland declares $49.6m impairment in NZ business

Heartland Group shares fell 12% in early trading.

Gregor Thompson 18 Feb 2025
Big banks scrubbing public mentions of DEI
Finance

Big banks scrubbing public mentions of DEI

Citigroup and others seek to avoid possible litigation and federal probes.