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.
Strategic Finance
Strategic Finance receivers collect first settlement $10 million
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.
Propbd on Q T12Aug14 – Apartment design winner named, East Tamaki unit sells, Strategic payout, Summerset result mixed
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
Strategic Finance directors & auditors settle for $22 million
The Financial Markets Authority and the receivers of Strategic Finance Ltd have finalised a settlement with the company’s directors & auditors.
Strategic Finance receivers complete settlement talks with directors
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 […]
Trustee appoints liquidators as well as receivers to Strategic Finance
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. […]
