NZF Group liquidation put on hold as noteholder seeks alternatives

Thu, 22 May 2014

By Paul McBeth May. 23 (BusinessDesk) - NZF Group will put off liquidation proceedings after a major noteholder called for a special meeting to try,to squeeze more value from the failed firm. The Auckland-based financial services company's board received a formal notice from an investor holding more than 10 percent of the outstanding $18 million in NZF capital notes seeking to put off liquidation until the end of August to look at transactions to boost the value of the business, and hold another meeting in September to make a final decisi...

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