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Ebert director Kelvin Hale gets nothing from receivership

Rebecca Stevenson
Thu, 01 Oct 2020

Rebecca Stevenson
Thu, 01 Oct 2020
Ebert director Kelvin Hale hasn’t been paid back any of the $3.5 million he said was advanced to the collapsed construction company by him and another shareholder.The latest receivers’ report for Ebert Construction by PwC said it distributed $1.8 million to first ranking security holder BNZ, with a further $4.2 million outstanding as at July 30. A further bond liability payment of $1 million had been subsequently released.Hale registered a $3.5 million general security agreement against Ebert Construction on July 24, 2018 on behalf...

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