Wynyard calls in administrators after giving up on $10M shareholder loan

Mon, 24 Oct 2016

By Paul McBeth Oct. 25 (BusinessDesk) - Wynyard Group's board has appointed voluntary administrators after the intelligence software developer gave up on drawing a $10 million loan from major shareholder Skipton Building Society or trying to raise new capital. KordaMentha's Neale Jackson and Grant Graham have been appointed administrators, which Wynyard's board says will "ensure an environment where all options can be fully explored to retain the value in the business," it said in a statement. Auckland-based Wynyard halted trading in its...

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