Liquidators appointed to Waitonui Group after receiver recoveries leads to $12m shortfall

The Waitonui Group operated three farms. (Image: Getty)

Tue, 03 Sep 2024

Receivers of the Waitonui Group have gone to court to appoint liquidators to the collapsed farming operation, which now has a shortfall of just over $12 million.On April 15, Andrew Grenfell and Kare Johnstone were appointed receivers by Bank of New Zealand (BNZ) of the dairying group that operated three dairy farms – one in Taupō and two in North Otago.They were appointed to Waitonui Milltrust Agricultural Holdings General Partner, Waitonui Milltrust Agricultural Holdings Partnership, WMAH Farm Management General...

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