NZF Group fails to get quorum at noteholders' meeting

Thu, 07 Aug 2014

By Paul McBeth Aug. 7 (BusinessDesk) - NZF Group has delayed a special meeting of noteholders for a fortnight after failing to raise a quorum today. The Auckland-based financial services firm's board sought to liquidate the company earlier this year, and was blocked when a major noteholder asked for a special meeting to try and squeeze more value from the firm. Investors holding about 24.1 percent attended today's meeting, falling short of the 25 percent required for a quorum, and the event has been adjourned for 14 working days, NZF said...

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