NZF meeting for Mike Pero Mortgages sale on hold as buyer seeks to limit information

Wed, 26 Dec 2012

Dec. 27 (BusinessDesk) - NZF Group, the financial services firm at odds with receivers of its failed finance unit, has delayed a shareholder vote on whether to exit its stake in Mike Pero Mortgages after the buyer filed High Court papers to limit information that can be shared with investors. Australia's Liberty Financial, which owns the other half of MPMH, has applied to "restrain information that NZF Group may provide to its shareholders in considering the sale and to compel the directors of NZF Group to make a positive recommendation to a...

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