NZF enters voluntary administration after second reverse listing fails

Fri, 08 May 2015

By Suze Metherell May 8 (BusinessDesk) - NZF Group, the former financial services company, has entered voluntary administration after its second reverse listing proposal fell through. Last month the Auckland-based finance company said it would look to find a way to return funds to its noteholders "in a timely and cost effective manner" after plans for its listed shell to be used by Inventory Technologies in a reverse listing fell through. NZF is now appointing administrators to "expedite a timely distribution of funds to the holders of N...

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