Du Val early creditor estimate $250m: Fisk

PwC's John Fisk is now statutory manager of Du Val. (Image: PwC)

Fri, 23 Aug 2024

Du Val’s statutory manager, John Fisk, has confirmed that at least $250 million is owed to creditors – including investors – after the property group’s collapse.PwC’s Fisk said this was an early estimate based on the company records he had.Fisk was appointed statutory manager of 70 entities associated with Du Val on Wednesday evening. One effect of the Government's move is that all existing receiverships stopped.This meant that a process by receivers for China Construction Bank to sell built-to-rent...

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