NZ Automotive Investments Limited (NZA) has announced funding arrangements following changes to its Board.
NZA's Trade Finance and Motor Finance facilities, with limits of $8 million and $6 million respectively, are currently unable to be assured beyond their current expiry dates.
The outgoing Board expects the incoming Board and Management to engage with the financier regarding arrangements for the Trade Finance Facility.
A more detailed update of the company's financial position will be provided on or before 20 August 2022.
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