Mangawhai Developments back in receivership after debt changes hands
By Jonathan Underhill Jan. 15 (BusinessDesk) - Mangawhai Developments, the developer of a lifestyle subdivision north of Auckland that failed in 2009, has been put in receivership a second time after the original secured creditor, Doug Somers-Edgar, sold the debt to two of the...
UPDATE: Direct FX may cancel derivatives licence after temporary compliance rule breach
(Adds comment from FMA in sixth paragraph) By Jonathan Underhill Jan. 14 (BusinessDesk) - Direct FX, a foreign exchange services company controlled by managing director Andrew Isbister, is considering cancelling its Derivatives Issuer Licence after a temporary breach of com...
Shanghai Pengxin rejection has flow-on impact on failed Lochinver neighbour
By Jonathan Underhill Jan. 12 (BusinessDesk) - The government's decision to reject Shanghai Pengxin as a buyer for Lochinver Station had a flow-on impact on its failed neighbour, which has been put back on the market after the rationale disappeared for the Chinese company to...
Dick Smith receivers install Don Grover as acting CEO as Abboud quits; retailer put up for sale
By Jonathan Underhill Jan. 12 (BusinessDesk) - The receivers of Dick Smith Holdings have appointed retailing veteran Don Grover as interim chief executive after the departure of Nick Abboud and have begun an advertising campaign to sell the indebted consumer electronics chain...
Prev
