Strategic Finance Ltd’s receivers said in a letter to investors yesterday they have received the full $22 million they sought from the group’s directors & auditors.
The receivers of Strategic Finance Ltd have received the first $10 million of the $22 million settlement they agreed with the company’s former directors and auditors BDO Spicers, and expect to make a payment to secured investors within a fortnight.
S 3 Architects wins brownfields apartment design competition – Small East Tamaki unit sells – Strategic Finance receivers to make first payout within fortnight – Summerset profit up, underlying return down, dividend at low end
The Financial Markets Authority and the receivers of Strategic Finance Ltd have finalised a settlement with the company’s directors & auditors.
Strategic Finance Ltd’s receivers have completed settlement talks with the directors but have extended the settlement period while negotiations continue with a third party. The Financial Markets Authority is still negotiating with the directors. Receiver John Fisk said in a report on Friday the estimated range of recoveries to secured debenture investors remained unchanged from […]
Published 28 July 2010 The trustee of Strategic Finance Ltd has followed its March appointment of receivers by appointing liquidators this week. The trustee, Perpetual Trust Ltd, appointed John Fisk & Colin McCloy (PWC) as receivers on 12 March and appointed Andrew McKay & John Cregten (Corporate Finance Ltd) as liquidators on Monday. […]