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Perpetual Trust Ltd

National Property Trust gains unit holder approval for plan

National Property Trust gains unit holder approval for plan
Wellington, July 30 NZPA - National Property Trust said its unit holders have approved a plan to convert the trust into a company and internalise its management.

National Property Trust transaction seen as fair by report

National Property Trust transaction seen as fair by report
Wellington, July 8 NZPA - A report on a proposed buyout of National Property Trust's manager sees value in turning the trust into a listed company with $550,000 of savings in the first year.

National Property Trust confirms Cushing support for change

National Property Trust confirms Cushing support for change
Wellington, June 25 NZPA - The National Property Trust said the Cushing family has confirmed that it supports a plan unveiled this week to buy out the trust's manager.

National Property Trust has plan to change manager

National Property Trust has plan to change manager
Wellington, June 23 NZPA - The National Property Trust has come up with a plan to buy out its manager, which it says is supported by the Cushing family, who are part of a group of unit holders trying to force the removal of the manager.

Receiver Appointed To Cadmus Developments

Receiver Appointed To Cadmus Developments
Wellington, Aug 12 NZPA - Receivers have been appointed to Cadmus Developments Ltd, a subsidiary of ProvencoCadmus Ltd, which was placed into receivership earlier this month.

Dorchester Pacific Plan Outlined

Dorchester Pacific Plan Outlined
Wellington, Nov 26 NZPA - Dorchester Finance investors will get 12 payments of principal with the first before Christmas, under deferred repayment plan detailed today.

St Laurence To Put Plan To Debenture Holders

St Laurence To Put Plan To Debenture Holders
Wellington, Nov 10 NZPA - St Laurence Ltd has registered a prospectus which outlines a recapitalisation plan being put to debenture and capital note holders on December 5. The finance company has previously stopped repaying principal and stopped lending and raising money.

Dorchester Sells Part Of Loan Book

Wellington, Oct 13 NZPA - Dorchester Finance Ltd is selling the equipment rentals portion of its loan book for $12.5 million to Rent Plus Ltd. The subsidiary of Dorchester Pacific L td said it will get $8m on completion with the balance payable over two years.

Lessons In Finance Company Debacle For Former Boss

By Pam Graham of NZPA Wellington, Sept 4 NZPA - The losers in the meltdown of the finance company sector have not just been so-called mum and dad investors.

Dorchester Sends Plan To Trustees

Wellington, Aug 29 NZPA - Dorchester Pacific said its subsidiary Dorchester Finance has put a deferred repayment plan to Perpetual Trust Ltd and New Zealand Permanent Trustees Ltd.

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