MTF shareholders vote down move to publicise Sportzone case

Wed, 13 Aug 2014

By Suze Metherell Aug. 13 (BusinessDesk) - Shareholders of Motor Trade Finance have voted down seven resolutions put up by nine shareholders questioning the Dunedin-based auto-finance firm's handling of the Sportzone Motorcycles court case. The shareholders who own about 8.1 percent of the company sought to force the board to reveal details of its ongoing Sportzone dispute with the Commerce Commission. When the finance company, which has a loan book of some $438 million, rebuffed a takeover offer from Heartland New Zealand earlier this ye...

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