The Commerce Commission has filed criminal proceedings in the Auckland District Court against 2 finance companies controlled by former Equiticorp boss Allan Hawkins.
The Commerce Commission said on Wednesday it had issued a ‘stop now’ letter to 2 finance companies controlled by former Equiticorp chairman Allan Hawkins, Evolution Finance Ltd & Budget Loans Ltd, asking them to stop repossessing, or asserting a right to repossess, consumer goods where the applicable loan contract didn’t give them a right to do so.
Peri Finnigan & Tony Maginness (McDonald Vague) were appointed liquidators of NZX-listed Cynotech Holdings Ltd last Friday. Trading in Cynotech Holdings Ltd securities was halted on 10 July after the company told the NZX its major shareholder & other close funding supporters had decided they would no longer pay its overhead & infrastructure costs. Cynotech […]
Trading in Cynotech Holdings Ltd securities was halted last night after the company told the NZX its major shareholder & other close funding supporters had decided they would no longer pay its overhead & infrastructure costs. Cynotech chairman Allan Hawkins – founder of 1980s high-flier the Equiticorp group and jailed after its demise in […]
Published 14 June 2011 Cynotech Holdings Ltd increased its net loss by 46%, from $2.74 million to $4 million, in the March year. Executive chairman Allan Hawkins said yesterday the major negative charge against group earnings was the $1.2 million of impairment provisions made against the intercompany loans & investment in Seating Systems Ltd. Other […]
Published 31 August 2010 NZX Market Supervision lifted the halt on trading of Cynotech Holdings Ltd securities on Monday after the company provided its annual report. Cynotech was suspended on 10 August after failing to supply NZX with its annual report by 2 August. The company unsuccessfully sought a waiver, arguing “shareholders have had […]