Fuel to the fire: the battle over burger chain's millions

The burger company wants to distribute about $4 million to its shareholders. (Image: NZME)

Fri, 10 May 2024

Burger Fuel’s founder, its major shareholder, and top executive have faced off in court over a proposed multimillion-dollar payout to shareholders. The New Zealand Exchange-listed (NZX) firm had a full-day hearing in the high court at Auckland this week over a proposed scheme of arrangement to return to investors about $4 million destined for a partnership with Subway until that company's founder died. Burger Fuel founder and minority shareholder Chris Mason opposed the planned capital return, claiming the company had failed...

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