Ebert director Kelvin Hale gets nothing from receivership

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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