Powerhouse weighing up returns from three investments

Thu, 24 Aug 2017

By Paul McBeth Aug. 24 (BusinessDesk) - Powerhouse Ventures is weighing up an offer for a stake in one of its investments and says two other firms it backs may return cash to the ASX-listed Kiwi incubator in the near term. The Christchurch-based company has been grappling with the deteriorating outlook for one of its investments - HydroWorks - in recent weeks, ultimately securing a court order to appoint an interim liquidator to the hydroelectric turbine maker and writing down the value of its stake. That triggered the ASX to question wh...

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