Du Val shareholders question PwC, as it examines Du Val accounts

Construction continues, but tough to get significant shareholder returns back, Du Val investors hear. (Image NZME)

Tue, 24 Sep 2024

Du Val shareholders have been left with more questions after statutory managers challenged financial reports for Du Val Property Group at their first investor briefing. Investors at the briefing reported that PwC insolvency practitioner Stephen White said it would be tough to get significant returns back to shareholders. He also faced questions about what progress was being made in realising value from Du Val property developments in Auckland and what PwC was charging for its court-ordered group management. Money in the bank ...

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